Nifty 50 Slips 0.25% as Profit Booking Caps Year End Rally Momentum

The benchmark index extended its pre-open softness into regular trade, pressured by heavierweights like HDFC Bank and Infosys. Elevated liquidity from RBI's ₹7.24 trillion bank reserves offers support, but rising 10-year bond yields to 6.5976% signal borrowing cost concerns. Rupee strength at 89.9325/USD provides some offset.
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Key Highlights

• Index Level: .NSEI down 0.25%, trading around 25,885 after opening near 25,940; support at 25,800.
• ​Sector Pressures: Bank Nifty lags with 0.22% pre-open dip persisting; IT and financials drag amid US yield watch.
• ​Broader Context: Follows marginal pre-open decline of 1.2 points; FII buying continuity vs DII selling.
• ​Technical View: 50-day MA at 25,910 holds; resistance at 26,000 eyes year-end close.

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Trading Outlook
Volatility may ease with Q3 earnings focus; bulls defend 25,800 base.

Sources: Perplexity Finance, Reuters Market Data