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Profit booking drags Indian equities as investors rotate defensively
Indian indices extended weakness as profit taking continued and foreign flows remained cautious, pushing investors toward selective accumulation and defensive sector hedging strategies.
Benchmark indices in India closed lower for a second straight session after investors booked profits and stayed cautious on weak overseas sentiment. Vedanta slipped while BEL and Navin Fluorine posted gains, highlighting sectoral dispersion and selective bottom-up accumulation under volatility. Analysts say recent foreign portfolio outflows and unclear earnings trajectory from midcaps keep short-term risk appetite thin. For active traders this phase may see rotational positioning, lower leverage, and defensive hedging ahead of US macro prints and India’s approaching Q3 guidance season.