Nifty Defends 23k, Ends 3-Week Losing Streak Amidst Relief Rally

• Indian markets experienced a relief rally, with Nifty defending the 23,000 mark and breaking a three-week losing streak.
• Despite the rally, Sensex fell 600 points from its peak, and Nifty slipped 200 points, falling below 23,100.
• Bank Nifty turned negative, losing 950 points from its day's high, and the smallcap index also dropped 200 points.
• Broader markets, particularly midcap stocks, remained in the green, showing resilience despite pressure on headline indices.
• IT, pharma, and PSU banks emerged as top gainers, while realty and financial stocks faced pressure, contributing to market drag.