Market participants faced a turbulent F&O expiry session as the Nifty 50 experienced a dramatic 1% swing in mere seconds during the final moments of trading. This technical fluctuation forced the index to finish below the psychological 23,150 support level, reversing earlier intraday optimism.
The benchmark Sensex mirrored the downward trend, shedding 330 points by the closing bell. Despite a positive start to the trading day, selling pressure intensified as the session progressed, ultimately dragging major indices into negative territory.
The broader market sentiment reflected this cooling enthusiasm, with a slight majority of stocks on the NSE closing in the red. Declining issues outnumbered advancing ones, underscoring the underlying caution among retail and institutional investors alike.
Sectoral performance remained mixed throughout the day. While IT stocks bore the brunt of the sell-off, the realty sector managed to buck the trend, showing resilience amidst the broader equity market pullback.
