The Indian market reversed its Tuesday rally and closed today’s session in negative territory. Although it began positively and gained momentum after the RBI hinted at potential rate cuts as early as December, this momentum could not be sustained, as heavyweights like Reliance Industries, HDFC Bank, and ITC dragged the indices lower.
The Nifty 50 closed the session with a drop of 0.12%, finishing below the 25,000 mark at 24,981 points. Similarly, the Sensex wrapped up the day with a 0.21% increase, settling at 81,465 points.
ut of the 50 constituents in the Nifty index, 27 closed in the positive territory, with Ciplat leading the way, rising by 2.4%. Other notable performers included Trent, Tata Motors, State Bank of India, Maruti Suzuki, Tech Mahindra, Shriram Finance, Bajaj Finance, Bajaj Finserv and Axis Bank, all of which finished today’s session with gains exceeding 1.5%.
