$BAJAJFINSV

$BAJAJFINSV Today is a masterclass in sector divergence — and it is playing out in real time. As of 12 PM, Nifty50 was down 75 points at 24,561 and Sensex had fallen 432 points to 78,521, dragged almost entirely by financial stocks. But zoom into the sector level and the picture splits sharply. Nifty IT is up 1 per cent and is the only major sector in positive territory today, while Nifty PSU Bank and Nifty Financial Services are the worst performers on the index. The reason for that split is not macro — it is stock-specific. Bajaj Finance, Bajaj Finserv and Shriram Finance are the three biggest Nifty losers today after RBI released draft guidelines that could restrict revolving credit products at NBFCs — a direct blow to the flexi loan and credit line businesses that these companies have built. Meanwhile, crude oil prices steadied as conflicting signals emerged from the US and Iran on whether a peace deal is genuinely progressing — removing the tailwind that had been lifting cyclicals and financials all week. On the IT side, the sector continues to build on the recovery momentum from Q1 FY27 results, with TCS, Infosys and HCL Technologies all trading in the green as the global AI spending narrative regains traction after last week's US tech earnings. This kind of intraday sector divergence — one sector up 1 per cent, another down 1 per cent, same index broadly flat — is where active stock selection separates from passive index exposure. Today makes that case powerfully.