Market Wrap: Benchmarks End Lower on RBI Policy Day; IT & Metal Stocks Weigh, Banks Lend Support

The domestic equity market concluded on a subdued note, with the Nifty settling near 23,360 and the Sensex declining 117 points amid volatility following the RBI policy announcement. Weakness in IT and metal counters pressured the benchmarks, while select banking stocks provided support. Among the Nifty stocks, $HINDALCO , $WIPRO , $TRENT t, $COALINDIA , and $TCS led the declines. On the gaining side, $ADANIENT , $HINDUNILVR , $ADANIPORTS , $BAJFINANCE , and $AXISBANK emerged as the top performers. On the sectoral front, the Media Index outshined its peers, advancing nearly 3.5%. PSU Banks, Realty, Consumer Durables, and Healthcare sectors also registered modest gains of around 0.5% each. Meanwhile, Energy, IT, Metal, Oil & Gas, and Telecom indices remained under pressure, slipping between 0.5% and 1.5%. The broader market delivered a mixed performance. The Nifty Midcap Index edged lower by approximately 0.3%, whereas the Nifty Smallcap Index ended the session largely unchanged. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.