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Sector Weakness in Realty and Energy Pushes Nifty Below Key Level
Nifty slipped below 26,000 as realty and oil & gas stocks weakened sharply during late-session volatility, despite selective strength in banking and IT.
Nifty realty and oil & gas stocks faced selling pressure on November 24, contributing to last-hour volatility that dragged the index below the 26,000 mark. Traders noted that profit-booking across cyclical sectors increased as global cues turned mixed. Despite intraday strength in banking and IT names, broad-based weakness persisted into the close.