In a challenging trading session, the BSE 500 index recorded a decline of 0.31%, reflecting broader market pressures as only six sectors advanced while 32 faced losses. The banking sector showed resilience, with the BANKEX and BANKNIFTY indices gaining 0.23% and 0.20%, respectively. Federal Bank emerged as a standout performer, driving gains in both banking indices with a notable increase of 2.59%.
Conversely, the real estate sector struggled significantly, with the REALTY index dropping 1.35% and the NIFTYREALTY index falling by 1.25%. Sobha was a key contributor to these losses, declining by 2.31%. The metal sector also faced headwinds, with SAIL leading the decline at 2.09%.

On a more positive note, the S&P BSE Telecommunication sector managed a modest gain of 0.12%, buoyed by Bharti Hexacom, which rose by 2.44%. Notably, the NIFTYPSUBANK sector exhibited the best advance-decline ratio of 1.2, indicating a relatively stronger performance compared to other sectors. Overall, the market's mixed performance underscores the volatility and sector-specific dynamics currently at play.