Live: Sensex, Nifty break 2-day losing streak, up 2%; IndiGo shares in focus | Closing Bell
Markets staged a relief rebound after two consecutive sessions of decline, but the momentum faded from intraday highs as profit booking kicked in. Benchmark indices slipped notably from peak levels, with the Nifty down 200 points and the Sensex off 700 points, while Bank Nifty also gave up 600 points from the day’s high.
Despite the pullback, the overall market breadth remained firmly positive. Except for the pharma pack, all sectoral indices traded in the green, led by strong buying interest in metal and PSU banking stocks. Broader markets continued to outperform, with smallcaps showing resilience and leading the gains.