Nifty dipped below 25,100 today. Sensex closed nearly flat, down just 13 points.
And here’s why:
Reliance tumbled 1.1%, extending Monday’s fall. Oil-to-chemicals and retail weakness are weighing heavy.
IT stocks were no help either: Infosys, HCL Tech, Oracle Financial all in the red.
But there was one bright spark:
Eternal, the Zomato parent, soared over 10% on signs of margin improvement in Blinkit.
It was the top contributor to Nifty gains today.
Financials stayed strong, with ICICI and HDFC Bank in green after solid Q1 numbers.
But overall sentiment? Subdued. Midcaps and smallcaps, both slipped.
Experts say: Earnings season and US trade talks are keeping investors on edge.
Technically, Nifty remains stuck in a range. Key support? 24,900.
Watch for resistance at 25,260.
Globally, Asian markets cooled off. Oil dropped again. And the rupee? Down for the fifth straight session.
That’s your market snapshot in under a minute!
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