Closing bell saw Shriram Finance, ITC, Bharat Electronics, Trent, and Asian Paints among top gainers.

On the flip side, M&M, Infosys, Apollo Hospitals, Adani Enterprises, and Reliance ended in the red.

Sectorally, Capital Goods, Consumer Durables, Media, and FMCG gained 0.4–1%.

Metal, IT, Realty, and Auto sectors shed 0.5–1% amid macro uncertainty.

Investment is rotating into defensive and domestic consumption plays.

Export-exposed and cyclicals are facing headwinds in current environment.

Tactical plays may favor staples and infrastructure-linked sectors for resilience.

Sector narratives are becoming bifurcated based on macro sensitivity.

Equity strategy may prioritize quality over broad exposure.

The gain/loss spread reflects a judgment about defensiveness and sustainability.