Sensex Dips 245 Points, Nifty Closes at 25,665; PSU Bank Index Hits Record High

• Indian stock markets experienced volatility on Sensex's weekly expiry day.
• Sensex closed down 244.98 points (0.29%) at 83,382.71, while Nifty fell 66.70 points (0.26%) to 25,665.60.
• Strong buying was observed in metal and PSU bank shares, with Nifty Metal Index rising over 2.5% and PSU Bank Index touching a record high with over 2% gain.
• Bank Nifty recovered 250 points and the Midcap Index recovered nearly 400 points from their respective lows.
• IT, realty, and auto sectors faced selling pressure during the trading session.

Why It Matters: Despite overall market dips, PSU banks and metal stocks surged, indicating sector-specific strength amidst volatility.