Indian equity benchmarks dipped mildly today after recent gains lost steam.
The Nifty 50 fell ~0.19% to 24,786.7, while Sensex dropped ~0.14% to 80,865
.
Financial sector led the decline, down ~0.4%, eroding earlier rally gains.
Consumer, auto names also extended pressure, losing 0.3–0.5%.
However, small-cap and mid-cap indices saw modest gains of ~0.2–0.4%.
Analysts see foreign fund outflows as a continuing drag.
PC Jeweller jumped ~4% after reporting strong Q2 performa
nce.
Axis Bank rose ~2% after Morgan Stanley reiterated its “overwe
ight” rating.
WeWork India’s ₹30-billion IPO opened for subscription.
Overall, the market mood is cautious amid mixed sectoral trends.