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Nifty slips below 25,750 intraday as defensives drag; metals, energy cushion fall
Indian benchmarks turned lower intraday, with Nifty sliding below 25,800 as FMCG and healthcare lagged; metals and energy offered support.
Indian equities weakened intraday, with the Sensex dropping more than 550 points and the Nifty slipping below 25,750 as pressure built in FMCG, healthcare and private banks. Media and mid-cap pockets offered limited support, while metals and energy witnessed selective strength. Profit-taking after a recent rally, mixed global cues and higher crude concerns tempered risk appetite. Traders flagged near-term levels around 25,750 on the Nifty as pivotal for trend confirmation and warned that sustained weakness could extend consolidation into the close amid derivative positioning and muted breadth during afternoon trade.