Sensex slips 170 pts, Nifty hovers near 23,950; auto stocks lead gains
Indian benchmark indices traded slightly lower during Thursday's morning session as strength in auto shares was outweighed by selling pressure in banking stocks The Sensex was down 160 points while the Nifty 50 declined 50 points, Market breadth remained largely balanced, with 1,755 stocks advancing, 1,778 declining, and 177 remaining unchanged. Among sectoral indices, Nifty Auto and Nifty Media emerged as the top gainers, whereas Bank Nifty, Nifty PSU Bank, and Nifty Private Bank traded in the red. The broader market also witnessed mild weakness, with both midcap and smallcap indices edging lower, while India VIX slipped nearly 2%, indicating easing market volatility. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.