Equity benchmarks Sensex and Nifty both surrendered early gains on Thursday as the majority of sectoral indices traded in the red.
Major financial sectors, including Banking, Metals, FMCG, and Realty, are trading lower, while selective IT, Pharma, Healthcare, and Midcap segments are offering some support.
The overall market tone remains cautious with rotational stock participation.
India’s sector performance is also influenced by the ongoing AI New Delhi summit, where top executives from Nvidia, OpenAI, Anthropic, and other major names are expected to announce investment plans in India.
As per early trends, stocks including Netweb Technologies have jumped by 8 per cent, with some stocks up 17 per cent in three days. The BSE Sensex lost 150 points, while the Nifty pulled back to 25,800 points on Thursday morning.
Meanwhile, similar trends were observed in Asian markets: Nikkei 225 futures (OSE) rose by just 0.6 per cent; Japan’s Topix rose 1 per cent; Australia’s S&P/ASX 200 rose 1.1 per cent; and Euro Stoxx 50 futures were little changed amid mixed investor responses.
According to Ponmudi R, CEO of Enrich Money: “The move up continues to be led by sustained strength in banking and financials, along with momentum in select energy, metal, and consumer segments.
However, near-term sentiment is expected to stay measured, with selective profit booking emerging in high-valuation pockets and lingering uncertainty in the IT sector amid global AI-led disruption concerns.
Overall, the undertone remains constructive, supported by domestic economic resilience and clear leadership from banking heavyweights.”
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