Markets took a breather on Monday as benchmark indices ended within the purple following Moody’s downgrade of the U.S. authorities’s credit standing — a transfer that triggered world warning.
The Sensex slipped 271 factors to shut at 82,059, whereas the Nifty misplaced 74 factors, ending under the important thing 25,000 mark at 24,945.
The massive drag? IT shares, with heavyweights like Infosys, TCS, HCL Tech, and Tech Mahindra falling as much as 3%. These firms earn a big chunk from the U.S., so any hit to U.S. creditworthiness spooks buyers.
Defence shares additionally noticed revenue reserving after final week’s sharp rally — HAL, Cochin Shipyard, and Mazagon Dock dropped as much as 4%.
On the intense facet, mid and small caps outperformed —
Nifty Smallcap 100 rose 0.5%,
Midcap 100 gained 0.1% — marking six straight periods of positive aspects.
Amongst particular person movers:
Vodafone Thought plunged 8.7% after difficult the govt. over $5 billion in dues.
Divi’s Labs jumped 4.8% on better-than-expected This fall income.
Specialists say it is a wholesome pause, with banking prone to lead the following leg of the rally. Technicals recommend Nifty wants to carry above 25,000 to reclaim momentum.
International cues stayed weak — Asian markets dipped, U.S. futures slipped, and Treasury yields rose.
Rupee closed at 85.40 vs the greenback,
Oil eased, and
Gold rebounded after final week’s fall.
