SENSEX slips below 82,000 mark, NIFTY50 retreats from day’s high to trade flat around the 25,000 mark

The session began with a remarkable milestone with NIFTY50 and SENSEX crossing their important psychological mark of 25,000 and 82,000, respectively, for the first time. Subsequently, the indices retreated from their all-time highs to trade flat. The NIFTY50 hovered around 25,000 mark, up by 48 points and the SENSEX slipped below 82,000 mark, trading up by only 67 points at 81,801 level.

Volatility is likely to be the hallmark in today’s session amid weekly NIFTY options expiry. For the day, the level of 24,940-24,980 is likely to act as an immediate support and on the upside, the level of 25,080 is likely to act as a resistance level.

Most sectoral indices traded in negative territory, led by Nifty Realty (-1.61%), followed by Nifty Media (-1.06%) and Nifty Auto (-0.91%). On the other hand, Nifty Financial Services (+0.38%) and Nifty Bank (+0.33%) emerged as the top two performing sectors.

In the broader markets, the Nifty Midcap 100 and the Nifty Smallcap 100 indices were trading near the day’s low, having slipped from the day’s highs. The Nifty Midcap 100 and Smallcap 100 index was down by 0.50% and 0.36%, respectively. Considering the broader market underperformance, market breadth tilted in favor of decliners, with 1,269 stocks declining and 996 stocks seen advancing.