Pharma Can't Mask a Market Where IT Cracked to Six-Year Lows
Healthcare was the only sector with real momentum, but breadth was thoroughly negative — especially at the top of the cap stack, where Nifty Next 50 advances were outnumbered more than two to one.
Nifty closed at 22,732 in a session where declines outpaced advances by a wide margin — 1,545 stocks fell versus 1,235 that rose. This was not a shallow pullback concentrated in a few names. The rot ran deep: Nifty 50 managed only 18 advances against 29 declines, and Nifty Next 50 was worse at 14 advances to 34 declines. Only one sector, Healthcare, closed with a meaningful gain. Everything else was red or barely breathing.
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Behind the gate: full narrative · India VIX · FII/DII flows · sector heat · View Evidence