Nifty ended lower as weakness in metals, PSU banks and realty stocks pressured overall sentiment, even though major domestic corporates like SBI and Mahindra & Mahindra posted robust quarterly prints. Traders noted selective profit booking and cautious positioning ahead of global macro signals, while foreign flows also remained mixed. Market participants are closely tracking domestic demand outlook, capex momentum and upcoming central bank commentary to assess if India’s recent earnings resilience can sustain against broader volatility pressures and external uncertainty over the next policy and results cycle.