neutral
Recently
Metal and energy stocks crown India’s market as Nifty slips below 25,800
Despite Indian equities weakening, metals and energy stocks advanced strongly, highlighting a sector-rotation amid trade-deal uncertainty and profit-booking.
India’s broader equity market diverged on Friday with frontline indices falling, but metal and energy stocks bucked the trend. The Nifty 50 slid below 25,800 amid profit-taking and uncertainty over U.S.–India trade talks, while the metals index surged about 1.7% and oil & gas names advanced as commodity prices firmed. Heavyweights such as Vedanta and Hindalco Industries saw gains of up to 5%. Market participants interpret the rotation as cautious risk-on, with defence and institutional flows cited as layer supports even in a muddled session. (Source: ET live-blog)