neutral
Recently
FMCG and banking stocks drag after profit-taking, IT and mid-caps resilient
Profit-taking hit FMCG and banking sectors, while IT and mid-caps held up, reflecting rotation and cautious sentiment in India’s equity market today.
India’s market session on Friday saw pressure building in FMCG and private‐bank segments, with names such as Hindustan Unilever (HUL) falling over 3% and private bank counters losing ~1.5%. Meanwhile, IT and mid‐cap stocks held up better, with selective buying in ADR‐linked and export‐oriented plays. Investors cited profit-booking in defensives and rotation into growth and commodity pockets. Market breadth remained weak: advance-decline ratio tilted in favour of decliners. Analysts suggest the dual speed across sectors highlights a cautious market awaiting fresh triggers for broader participation.