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Sectoral moves drive intraday swings across benchmark stocks
Benchmark indices swung intraday as metal stocks gained while IT shares lagged, reflecting cautious, stock-specific investor positioning.
Indian stock markets witnessed sharp intraday fluctuations as sectoral rotation shaped trading activity. Stocks such as Tata Steel gained over 3%, while Axis Bank advanced modestly, supported by selective buying. IT stocks remained under pressure due to continued foreign investor selling. The Sensex was up 161 points mid-session before giving up gains, highlighting cautious sentiment. Mixed global cues and valuation concerns are prompting investors to adopt a stock-specific approach.