Nifty closes under 25,500, Sensex recovers from intraday losses as metals shine

Benchmark indices Nifty 50 and Sensex  settled on a muted note on November 7, after seeing volatility through the session. The gauges recovered from early weakness but failed to sustain gains amid mixed sectoral trends. Overall market sentiment remained cautious ahead of key global and domestic cues.

At close, the Sensex was down 94.73 points or 0.11 percent at 83,216.28, and the Nifty was down 17.40 points or 0.07 percent at 25,492.30. The market breadth was even, as about 1,962 shares advanced, 2,036 shares declined, and 126 shares were unchanged. So far this week, the Nifty 50 index has slipped nearly 0.8 percent.

Sectoral performance on was mixed, with Nifty Financial Services leading the gains, up 1.25 percent, followed by Nifty Metal which rose 1.41 percent, and Nifty PSU Bank advancing 0.84 percent. Nifty Auto and Nifty Private Bank also gained 0.54 percent and 0.49 percent, respectively.

On the downside, Nifty Consumer Durables slipped 0.71 percent, while Nifty IT and Nifty FMCG dropped 0.59 percent and 0.48 percent, respectively. Nifty Pharma, Nifty Media, and Nifty Healthcare also edged lower, whereas Nifty Realty and Nifty Oil & Gas posted marginal gains.