Overview
- The Sensex closed at 85,439.62, down 322.39 points, while the Nifty slipped 78.25 points to 26,250.30 after an early rally.
- The Nifty set a fresh intraday peak of 26,373.20 before profit-taking reversed gains, with traders flagging 26,350 as near-term resistance.
- Large-cap information technology and oil & gas shares led declines, while realty outperformed and defensives such as FMCG and consumer durables rose.
- Investors tracked US military action in Venezuela and renewed tariff hike threats tied to India’s Russian oil purchases as they awaited US data and Fed guidance.
- The rupee weakened to about 90.27 per dollar, HDFC Bank, Infosys, TCS and Reliance weighed on the indices, and BEL, Hindustan Unilever, Tata Steel and UltraTech advanced.