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Market Close Explained: Why Nifty ended lower despite gains in banking stocks - CNBC TV18
LinkedIn 1 hr ago·30 Sept 2026, 10:23 am
The Indian stock market closed in the red on Tuesday, with the Nifty 50 index slipping lower. While banking stocks managed to post gains, broader market indices faced selling pressure, dragging the overall sentiment down.
Investors were cautious as global cues remained mixed. Profit booking in mid-cap and small-cap stocks weighed on the market, offsetting the strength seen in the banking sector. The market breadth was weak, indicating that selling was dominant across a wide range of stocks.
Investors should keep an eye on global markets and domestic inflation data in the coming sessions. A shift in global risk appetite or any new economic data could influence the market's direction in the near term.
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