The Nifty Realty index was the brightest spark in the afternoon after advancing over one percent. Stocks such as DLF, Prestige Estates, Brigade Enterprises and Oberoi Realty kept the sentiment in the sector upbeat.

The Nifty IT was the brightest spark, rising 2 percent in the afternoon after gains in TCS, Infosys, Wipro, Tech Mahindra and HCL Tech heavily contributed to upbeat sentiment.

The broader market comprising mid and smallcap indices outperformed the headline indices, rising 0.3 and 0.7 percent respectively.

The Energy index slipped 0.5 percent after NTPC, Power Grid and Coal India dented the sentiment in the sector. Nifty Pharma and Healthcare also fell, albeit marginally.

The Nifty Auto index surged over 1 percent after a sharp rally in two-wheeler companies mainly Bajaj Auto, Hero MotoCorp, and TVS Motors.

NSE Nifty hit record high to top 25,100 points for the first time ever. Broader markets added to yesterday's gains, with mid and small-cap indices continuing to shine, rising 0.2 percent and 0.4 percent respectively.

The broader market showed a mixed trend, with the midcap index down 0.5 percent, while the smallcap index edged up 0.2 percent.

All 13 major sectoral indices tumbled, with Nifty PSU Bank experiencing the steepest decline, dropping over 2 percent.

Life insurance company stocks were in focus as they traded higher ahead of the 54th GST Council meeting, scheduled for today. Chaired by Finance Minister Nirmala Sitharaman, the meeting will discuss reducing GST on health and life insurance and review revenues…

Nifty Bank gained over a percent and was the top gainer amongst the 13 sectoral indices while Nifty IT fell nearly 3 percent, becoming the worst-hit sector today.

Later in the day, market participants will closely monitor comments from Fed Chair Jerome Powell and other key officials for insights into the central bank's next monetary steps.

Nifty Bank retreated 0.3 percent after a two-day rally. However, analysts maintain that the banking sector still has significant upside potential, with many stocks remaining attractively priced.

Banking and auto stocks led the market's decline. Nifty Bank fell nearly 1 percent, dragged down by heavyweights ICICI Bank and HDFC Bank.

Ten out of the 13 sectoral indices were in the red. The Nifty Auto index fell over a percent, as the prospects of delayed rate cuts spooked investors in the auto sector, which relies heavily on bank loans to drive sales.

Volatility spiked, with the India VIX climbing nearly 7 percent to 14, reflecting the turbulence in the market since the opening bell.

Today marked the fourth consecutive session of declines for the benchmarks, driven by lacklustre earnings, persistent FII outflows, and US election uncertainty.

An uptick in ICICI Bank's shares following its Q2FY25 results and easing concerns over the Middle East conflict contributed to the market's positive opening.

Nifty Bank, following a superb 2 percent rise in the previous session, witnessing profit booking and was trading almost a percent lower.

Nifty Pharma and Healthcare managed to hold firm after rising over a percent in the afternoon.

All sectoral indices traded with losses of over a percent or more; Nifty Realty, Nifty Metal, Nifty Media and Nifty Oil & Gas indices were among the worst hit.