In a challenging trading session today, the market faced notable declines, with the BSE500 reflecting a significant imbalance in the advance-decline ratio, showing 131 advances against 369 declines. The BSE100 and MIDCAP indices also experienced downward pressure, falling by 0.62% and 0.73%, respectively.
Among the large caps, Kotak Mahindra Bank emerged as a significant underperformer, while Adani Green managed to secure a modest gain. In the mid-cap space, Laurus Labs stood out as a top gainer, reflecting positive investor sentiment despite the overall market trend.

The realty sector was particularly hard hit, leading the declines with a notable drop, while the Nifty Pharma sector showed slight resilience, managing to advance marginally. The Nifty index closed at 24,680.90, down 156.1 points, and continues to trade below its 50-day moving average, indicating a cautious market outlook.

As investors await upcoming earnings reports from major players like NTPC and GMR Airports, market participants remain vigilant, navigating through the current volatility and adjusting their strategies accordingly.