Benchmark indices gave up gains through the session after hitting intraday highs earlier in the day. Nifty 50 fell 0.12% to close at 23,214.95, after rising to 23,425.35 intraday. Sensex ended 0.09% higher at 73,983.18, down over 600 points from its day’s high of 74,613.01.
Index contribution data showed banking stocks supporting the Nifty, while IT and select large-cap names weighed on the index. HDFC Bank contributed 35.32 points and ICICI Bank added 31.22 points, followed by Axis Bank at 14.89. L&T and Hindustan Unilever also supported gains with contributions of 9.13 and 7.83 points, respectively. Infosys was the top drag with a 28.02-point impact, while Reliance Industries, Bharti Airtel and Hindalco also weighed on the index.
Meanwhile, oil prices slipped in intraday trade after earlier gains in the session. WTI July futures fell 0.19% to $88.03 per barrel. Brent August futures declined 0.2% to $91.27 per barrel.
Elsewhere, European markets traded mixed, with select indices declining while others posted modest gains. Germany’s DAX fell 0.49%, while the UK’s FTSE slipped 0.22% and France’s CAC declined 0.08%. BEL 20 rose 0.28% and PSI 20 gained 0.5%, while FTSE MIB advanced 0.31%. STOXX 600 edged lower by 0.23%, reflecting a mixed trend across the region.
