Sectorally, selling was seen in banks, IT, finance, realty, and auto stocks while buying was visible in oil & gas as well as metal stocks. Crucial support for the index is placed at 17000 and further towards 16800 levels, said analysts.
Largecaps showing no fundamental change despite market bounce: Nischal Maheshwari
Investors are closely watching sectors like banking, manufacturing, auto distribution, and aviation after a recent rate cut. Analysts see temporary margin pressure for banks and