ET Market Watch: Sensex slips, Nifty falls, midcaps shine; key market moves
Transcript
Hello, everyone. Thank you for tuning into ET Markets Radio. I am Neha Vashishth. Let's hear the top highlights from the world of stock markets. Let's begin;Sensex slipped 200 points, Nifty fell 42 points — Financials and IT stocks pulled back after a strong rally earlier that week.Bharti Airtel, Infosys, HCL, SBI, Tech Mahindra — Were the top laggards, dropping up to 2.8%.Nifty IT index declined 0.8%, breaking its four-day winning streak. Financials ended flat.Midcaps and Smallcaps outperformed — Nifty Midcap 100 rose 0.9%, Smallcap 100 surged 1.9%, boosted by defence stocks and post-earnings gains.Bharti Airtel fell 2.8% after Singapore Telecom sold a $1 billion stake.Experts said markets were consolidating, with healthy foreign inflows continuing, and global cues remaining positive.Global markets were mixed — Europe gained on earnings and the U.S.-China trade truce; Asia cooled off after a strong week.Oil remained steady near $64.50 a barrel, gold slipped 1.2%, and the rupee strengthened against the dollar.Nifty found support around 25,000, with room for short-term gains ahead.
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