Media sector leads gains while IT stocks slip on chip rally

Sector‑wise performance was largely positive, with the Nifty Media index delivering the strongest surge of 2% for the day. Auto, Oil & Gas, Pharma, PSU Banks, Healthcare and Real Estate also posted gains ranging from 0.22% to 1.64%. In contrast, the IT index fell 1.56% as a five‑day winning streak was broken, and FMCG slipped 1.05% following a correction in global chip‑related equities.