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Indian markets close lower as banks drag; LG India holds strong
Sensex, Nifty slip on financial stock weakness; LG India outperforms.
The Sensex dropped 297 points (-0.36%) to 82,029 and Nifty fell 81 points to 25,145 as heavy selling in financials outweighed strength in consumer stocks. LG Electronics India surged nearly 50% on its listing day, while HCLTech advanced after Q2 earnings. Broader indices underperformed with profit booking across midcaps. Analysts cited cautious positioning ahead of U.S. CPI data and Asian market signals. Trading volumes remained high amid mixed investor sentiment.