Nifty falls below 25,000 as IT and power stocks drag
In short
Nifty slipped below 25,000 as IT and power stocks dragged the market on Monday. Banks and pharma were more stable, and SBI led Nifty50 gainers by rising 1.82% to ₹1,034.45.
What the reporting says
Nifty slipped below 25,000 as IT and power stocks weighed on the index, while banks and pharma held firm. SBI led Nifty50 gainers, rising 1.82% to ₹1,034.45 from ₹1,016 on 49.10 lakh shares worth ₹506.18 crore. The market move showed mixed sector action, with one banking stock standing out against broader weakness in IT and power.
Why it matters
Nifty fell below 25,000 as IT and power stocks dragged, while banks and pharma held firm. SBI was a standout gainer on the Nifty50, rising 1.82% to ₹1,034.45 from ₹1,016 on 49.10 lakh shares worth ₹506.18 crore. The brief shows sector rotation inside Indian equities, with weakness in some heavyweight groups offset by strength in select financial names.