Power Grid Corporation, SBI, and NTPC led the gainers on the Nifty, rising between 1% and 2% on strong institutional buying in utilities and PSU stocks. In contrast, Tata Steel, TCS, Bajaj Finance, and HCL Technologies declined up to 1.5% as investors booked profits in metal and IT counters. Analysts noted the movement reflects sectoral rotation, with defensives and energy plays gaining traction while growth-heavy sectors saw mild correction after recent highs.