Benchmark indices retreat as banking stocks weigh on sentiment

Indian equity markets closed lower as selling pressure intensified in heavyweight banking stocks, dragging benchmark indices into negative territory. The Sensex declined by over 600 points to slip below the 25,700 mark, while the Nifty also traded weak. Market participants cited concerns around valuations, profit booking, and mixed global cues as reasons for the decline. 

Indian equity benchmarks are navigating volatile conditions as Sensex and Nifty respond to global cues, sectoral moves, and stock specific developments. Investors are balancing earnings expectations with macro uncertainties and foreign fund flows. Market breadth and sector rotation remain key areas of focus.