Markets in Red: Nifty Tanks 157 pts, Bank Nifty Slips 500+ points by Midday

The broader indices are trading in negative territory amid weak market sentiment. The Nifty-50 is down 157 points, while Bank Nifty has declined over 500 points, indicating pressure in the banking space. Sectorally, Nifty Metal and Media are slightly in the green, Nifty IT is flat, and all other indices are in the red. Among Nifty-50 stocks,

is the top loser, down over 4%, followed by falling more than 2%. On the positive side, is trading nearly 3% higher, while has gained around 1.3%. Overall, markets are witnessing broad-based selling with limited sectoral resilience visible in metals and IT. Disclaimer: This post is intended solely for informational purposes and should not be construed as a recommendation to buy, sell, or hold any security. Investors/Traders are advised to consult their certified financial advisor before making any investment decisions.