Weakness also spread to financials and defensives, with ICICI Bank, Asian Paints, and Sun Pharma among notable laggards. However, select counters such as Trent, Bajaj Finance, SBI, HDFC Bank, and Kotak Mahindra Bank managed to buck the trend. Investor sentiment was rattled by escalating West Asia tensions, a weakening rupee at 94.23 against the dollar, and rising crude prices, with Brent climbing above $107 per barrel. Foreign institutional investors added to the pressure, offloading equities worth ₹3,254 crore, deepening the market’s decline.
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