Early selling pressure drags benchmark indices lower as defence stocks weaken

Benchmark indices slipped in intraday trade as Nifty fell below 26,100 and Sensex dropped under 85,500, with defence stocks weak and active stock-specific moves across sectors.

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9 days ago

Early selling pressure drags benchmark indices lower as defence stocks weaken

Early selling pressure drags benchmark indices lower as defence stocks weaken
Market sentiment turned weak during intraday trade as Indian equities slipped despite the recent RBI rate cut. The Nifty index fell below the 26,100 mark, sliding nearly 100 points, while the Sensex dropped close to 300 points to trade under 85,500. The 20 day moving average near 26,000 remains a key technical support for the Nifty. Defence stocks faced selling pressure, while stock specific action remained active. 
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