Global cues also weighed, with Brent crude hovering near $90 a barrel amid West Asia tensions, raising worries about India’s inflation and trade deficit outlook. Despite the weakness in large caps, broader markets showed resilience: small-caps gained 0.5% and mid-caps rose 0.3%, supported by strong earnings momentum. UltraTech Cement advanced 1.5% after robust profit, while SBI Funds Management surged 6.2% on its market debut following a $1.03 billion IPO. Overall, sectoral divergence and stock-specific moves defined the day’s trade, with investors cautious yet selective.
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