June 17: Sensex, Nifty Retreat from Day's High Amid Profit Booking; Auto, FMCG & Realty Drag, While IT, Metals and Capital Goods Support Markets

Indian equity markets gave up most of their early gains during afternoon trading, with the Nifty hovering around the 24,000 level as investors booked profits in select sectors. Key Highlights: Sensex and Nifty retreated from the day's highs amid profit booking. Weak Sectors: Auto, FMCG, Realty, and Healthcare stocks faced selling pressure. Strong Sectors: Capital Goods, Consumer Durables, IT, and Metal stocks attracted buying interest. Broader Markets: Nifty Midcap Index traded largely flat. Nifty Smallcap Index gained around 0.7%, indicating continued interest in smaller companies. Market Sentiment: The market remained range-bound as sector-specific profit booking offset gains in IT, metals, and capital goods. The outperformance of small-cap stocks suggests investors are still willing to take selective risk despite the broader market's cautious tone. One-Line Summary: Markets pared early gains as selling in auto, FMCG, realty, and healthcare stocks outweighed strength in IT, metals, and capital goods, while small-cap stocks continued to outperform. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.