IT, FMCG and banks buoy market while realty and metals slump

Sectoral data showed Nifty Realty and Nifty Metal falling 2.7% and 2.3% – the sharpest drops among all groups. Nifty Auto, Oil & Gas, PSU Bank, Consumer Durables and FMCG also posted losses. In contrast, Nifty Private Bank, Media and IT recorded gains. At the stock level, HDFC Bank, Dr. Reddy’s Laboratories, Tech Mahindra, HDFC Life and Wipro led the rally, while Hindalco, Jindal Steel, Ashok Leyland, Tata Steel and ONGC were the biggest laggards.