Nifty Slips 0.37%: Profit Booking Hits Post-RBI Highs Amid Global Cues!

Nifty 50 opened flat but accelerated losses to shed 0.37%, trading around 25,980 amid profit-taking post-Friday's all-time high rally fueled by RBI's 25bps repo cut to 5.25% and liquidity measures. Heavyweights like HDFC Bank, Reliance, and Infosys dragged, with IT underperforming on US tariff fears.​

Broader market mirrored caution: Sensex down 0.35%, midcaps/smallcaps outperformed slightly. Advance-decline ratio favored decliners at 1:1.5. Rupee's 90.06/USD open added import cost pressures, while Gift Nifty's handover turned negative.​

Key support at 25,950; breach could test 25,800. Resistance 26,100-26,200. Traders eye US CPI for Fed cues impacting FII flows.​

Key Highlights

Nifty level: ~25,980 (-0.37%; range 25,950-26,050)​

Laggards: IT (-1%), metals (-0.8%); banks flat​

Volumes: Moderate; FII selling ₹2,500 Cr last week​

Rupee drag: 90.06/USD open adds headwinds​

Outlook: 25,950 support key; US data pivotal​

Sources: Investing.com, NSE India