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Benchmark indices edge lower as sectoral pressure offsets select gains
Sensex and Nifty closed marginally lower amid volatile trade, dragged by FMCG, PSU bank, and pharma stocks, while selective buying in IT and metals failed to lift overall market sentiment.
Indian equity benchmarks ended marginally lower amid intraday volatility as selling pressure in FMCG, PSU banking, and pharmaceutical stocks weighed on sentiment. The Sensex and Nifty oscillated in a narrow range, reflecting cautious positioning by investors. Weakness in defensive sectors offset gains in select IT and metal stocks, while market participants tracked global cues and upcoming macro triggers for direction.