Market Wrap: Benchmarks halt 3-day rally; Nifty slips under 24,400 on IT drag

Domestic equity markets ended their three-session winning streak on a weak note, with the Nifty closing below the 24,400 mark, primarily weighed down by heavy selling in IT stocks. The Nifty Midcap index edged up 0.2%, while the Smallcap index outperformed, gaining over 1%. Top laggards on the Nifty included

, , , , and . On the gaining side, stocks such as Products, r, , NTPC, and Hindalco Industries saw buying interest. Sectorally, the IT index tumbled around 4%, while the Private Bank index declined 0.7%. Meanwhile, Oil & Gas, FMCG, Media, Metal, and Realty indices posted modest gains of around 0.5% each. Closing Snapshot: The broader indices ended in the red, snapping their recent uptrend. The Sensex dropped 756.84 points (0.95%) to settle at 78,516.49, while the Nifty fell 198.5 points (0.81%) to close at 24,378.10 on April 22. Investment in securities market are subject to market risks. Read all the related documents carefully before investing