Risk-off tone dominated the session. Nifty closed at 24865, down 1.24%, while Bank Nifty slipped 1.14%. The damage wasn’t confined to a pocket - breadth was decisively negative with 639 advances against 2581 declines. Midcaps fell 1.58%, signalling clear contraction in risk appetite and confirming that pressure extended beyond the frontline names. Auto, Oil & Gas and Consumer Durables saw aggressive unwinding. Elevated crude and a sharp move in USD/INR to 91.47 from 90.98 added to the caution. Defence, metals and pharma attracted selective flows - more rotation than panic. With Middle East tensions keeping oil elevated, near-term direction may remain headline-driven. Structure has weakened. Stabilisation now requires broader participation, not just index support.

#PersonalFinance#FundamentalViews#MacroViews#Post-ClosingCommentary#TrendingSectors

507 likes·57 comments