In a challenging trading session, the BSE 500 index recorded a decline of 0.36%, reflecting broader market struggles with only three sectors advancing against 35 that fell. The NIFTYMEDIA sector emerged as a slight outperformer, gaining 0.13%, driven by Saregama India, which saw a notable increase of 2.22%. The BANKEX sector also managed to stay in the green, with a modest rise of 0.07%, supported by Federal Bank's 1.46% gain. Meanwhile, the S&P BSE Financial Services sector barely moved, posting a minimal increase of 0.01%, with KFin Technologies leading the charge at 5.30%.
On the downside, the BSE Capital Goods sector faced the steepest decline, dropping 1.25%, largely due to Kaynes Technology's significant fall of 4.57%. The NIFTYIT and BSE IT sectors also struggled, with losses of 1.12% and 1.10%, respectively, as BLS E-Services plummeted by 9.90% and Infosys fell by 1.82%. The BANKEX sector stood out with a balanced performance, achieving an advanced-decline ratio of 1.0, while NIFTYIT's ratio remained at 0, indicating a tough day for technology stocks.