Nifty Defends 26,150 Amidst Market Dip; Reliance, Trent Drag Benchmarks

• Indian equity benchmarks, Sensex and Nifty, closed lower on Tuesday, with Nifty slipping 72 points to 26,179 and Sensex falling 376 points to 85,063.
• Reliance Industries recorded its steepest single-day fall in nearly 10 months, while Trent plunged 8% and ITC hit a two-year low.
• Financials showed resilience, with Nifty Bank rising 74 points, supported by ICICI Bank and insurance stocks like HDFC Life.
• Metal stocks, including NALCO and Hindalco, saw gains, and pharmaceutical firms Divi’s Laboratories and Emmvee surged.
• Midcaps underperformed, and EMS stocks faced sharp selling, though select small-cap names extended gains.

Why It Matters: Indian markets closed lower, dragged by Reliance and Trent, but Nifty held 26,150 with support from financials and metals.