Live: Q2 results cheer PSU banking stocks in dull market; Rupee falls 32 paise | Closing Bell

Core Development: Live: Q2 results cheer PSU banking stocks in dull market; Rupee falls 32 paise | Closing Bell

Market & Financial Impact: Indian equity markets ended the session sharply lower on weekly expiry day, with the Sensex and Nifty each sliding more than 1% and the Nifty slipping below the 23,000 mark. Market breadth stayed weak at roughly 1:2, while the IT index snapped its four-day winning streak, shedding nearly 2% as Infosys fell over 3% ahead of its Q2 results. Bank Nifty ended in the red, dragged by Axis Bank and Yes Bank, with the latter cracking 20% in three sessions, even as PSU banks like PNB, Union Bank and Canara Bank outperformed on their Q2 numbers. Broader markets stayed under pressure too, with the Midcap and Smallcap indices both extending losses to a fourth straight session and India VIX jumping 6%. We also track Brent crude easing to $107 a barrel, the rupee’s 32-paise fall after last week’s best run in four years, and global cues, with US futures higher and Asian markets mixed. Join us for a full wrap of the day’s top movers, sector trends and Nifty 50 gainers and losers, including JSW Steel, Eicher Motors, Adani Ports, Axis Bank, Trent and HDFC Bank.

Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.