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Markets Trade Steady as Indices Hover Near Record Levels Amid Sector Rotation
Markets traded cautiously near record levels as select large-cap gainers offset weakness in banks, while GAIL’s decline and stock-specific updates shaped intraday sentiment.
Equity benchmarks moved cautiously on Friday as Nifty hovered around 26,200 and Sensex traded slightly below the 86,000 mark after touching record levels a day earlier. Gains in stocks such as Mahindra & Mahindra, Reliance Industries, HUL and Hindalco helped offset mild pressure in banking counters, with Nifty Bank slipping close to 100 points.stock.