Market Mood Mixed: Nifty Slips, Metals Shine, FMCG Stocks Under Pressure

Indian markets opened on a mixed note Friday, with the Nifty 50 Index losing early gains to trade 0.05% lower at around 25,870. According to NSE live data, the decline reflected selective profit booking in consumer and defensive segments, while cyclical sectors like metals kept the broader sentiment afloat.

The Nifty Metal Index rose sharply by 1%, supported by robust moves in Tata Steel, Hindalco, and Vedanta, backed by firm global commodity prices and resilient industrial demand. In contrast, the Nifty FMCG Index fell 0.9%, with top names like Hindustan Unilever, Godrej Consumer, and United Spirits weighing on sentiment amid concerns over urban demand and margin pressures.

Analysts said investors are eyeing Q2 earnings from key corporates and commodity price trends for near-term direction, even as overall market breadth remained balanced.

Notable Updates:

Nifty 50 down 0.05% at around 25,870.

Nifty Metal up 1% led by Tata Steel, Hindalco, Vedanta.

Nifty FMCG down 0.9% as consumption stocks drag.

Broader indices mostly flat, showing mixed risk appetite.

Market awaiting earnings and macro signals for movement cues.

Sources: NSE Live Indices Data, BSE Market Watch, Moneycontrol Market Updates, Business Standard.