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Indian markets post mild gains after record highs; sector moves highlight divergence
Indian benchmarks eased from record highs but held mild gains as sector trends diverged and Ashok Leyland topped the gainer list following its group-level merger news.
Markets cooled after hitting fresh records, with Nifty closing at 26,215 and Sensex at 85,720. Sentiment stayed constructive on expectations of a US Fed rate cut, foreign inflows and improving domestic macros. Sector performance was mixed as Nifty Media, Private Bank and IT advanced, while Realty and Consumer Durables declined.