Analysts said momentum indicators turned negative, suggesting short-term weakness may continue. The Nifty slipped below the key 25,600 level, and support is seen around 25,500. A strong move above 25,800 could signal recovery, but traders remain wary ahead of the holiday-shortened week.

Among Sensex constituents, Power Grid, Tata Motors, Tata Steel, and Maruti Suzuki led the declines. Titan, Bharti Airtel, and SBI managed to post modest gains. Broader indices also followed the downward trend, with the Nifty Midcap 100 and SmallCap 100 falling 0.42% and 0.82%, respectively.

Sectorally, metal, auto, and IT indices were the worst performers, while Nifty Consumer Durables was the only one in the green. Experts attributed the decline to weak global cues and profit-booking in heavyweight stocks, which weighed on overall market sentiment.

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The Sensex rose over 100 points in early trade and was trading at 81,843, up 52 points or 0.06 per cent. The Nifty gained 34 points or 0.14 per cent, reaching 25,112 after an intra-day high of 25,140. Top Sensex gainers included Power Grid, Bajaj Finance, HCL Tech, Bharti Airtel, ICICI Bank, Ultratech Cement, NTPC, Hindustan Unilever, Bajaj Finserv, and BEL.

Major losers included Trent, Axis Bank, Tata Motors, TCS, SBI, Kotak Bank, Tech Mahindra, HDFC Bank, and Infosys, slipping up to 2.7 per cent. In the broader market, the Nifty MidCap index gained 0.08 per cent, while the Nifty SmallCap index rose 0.41 per cent, indicating strong interest in smaller companies.

Among sectoral indices, Nifty Metal and Nifty IT were top performers, each gaining 0.4 per cent. Nifty PSU Bank fell 0.3 per cent due to profit booking. Analysts said positive sentiment remains, and short-covering could trigger further gains if market news turns favourable.

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Setty praised SBI’s fast responses and high-quality services, which capital market leaders widely appreciated. He said the bank will not only provide banking solutions but also help shape India’s financial future.

SBI reported a 12.5% rise in net profit to Rs 19,160 crore for Q1 FY26, compared to Rs 17,035 crore last year. Operating profit grew 15.5% to Rs 30,544 crore. Investor confidence improved as BSE-listed companies reached a combined value of Rs 465 lakh crore, near last year’s peak.

The Reserve Bank of India’s potential easing and softening inflation supported market optimism. Strong performances from PSU, auto, bank, metal, and oil & gas sectors further boosted markets. Experts predict corporate earnings may grow above 15% in FY27 due to GST reforms, improving foreign investor sentiment.

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