Indian markets have corrected from higher levels as massive selling has been witnessed during the last few days. Any pullback rallies have been used for selling at higher levels. Unless there is sustained buying and stronger performance from US markets, we could see sideways trends in Indian stocks. Markets are expected to see resistance at higher levels in tomorrow's session.

ACC (Rs 2027.20) led the declines with a 7.25% drop, as cooling demand in the cement sector weighed on its stock. Similarly, Patanjali Foods (Rs 1756.90) fell by 5.17%, reflecting concerns around procurement challenges and raw material costs.

In the defense sector, Bharat Dynamics Ltd (Rs 926.90) saw a 4.08% drop, likely influenced by delayed procurement cycles. Cochin Shipyard (Rs 1295.40) also faced a 4.78% decline, as profit-booking overshadowed its robust fundamentals.

Infrastructure player GMR Infra (Rs 76.85) fell by 4.57%, reflecting broader market corrections, while IRB Infrastructure (Rs 45.80) declined 3.41%, likely driven by muted sentiment in highway financing.

M&M Financial Services, Lupin, and Mankind Pharma Shine Amid Weak Markets

M&M Financial Services (Rs 2074.98) gained an impressive 2.87%, bolstered by strong results in its lending portfolio and continued recovery in rural demand. Similarly, Lupin (Rs 2043.00) managed a modest 0.23% increase, driven by optimism around its recent product launches in the US generics market.

Among other financials, LIC Housing Finance (Rs 611.25) experienced a slight 0.84% dip, reflecting profit-booking despite its strong loan growth trajectory. Maharashtra Bank (Rs 51.26) saw a 2.23% drop, likely due to subdued investor sentiment amid market-wide corrections.

Pharmaceutical giant Mankind Pharma (Rs 2558.65) slipped marginally by 0.61%, while Max Healthcare (Rs 990.15), a key player in the hospital industry, shed 0.76%, reflecting broader sector volatility.

Marico (Rs 591.05) remained stable, edging up by 0.02%, as its diverse portfolio of FMCG products continues to support steady demand. Conversely, Mazagon Dock Shipbuilders (Rs 4006.60) dipped 1.69%, likely due to investor caution around the defense sector.

L&T Finance (Rs 137.74) and M&M Financial Services (Rs 256.25) both faced slight declines, indicating cautious profit-taking despite their robust fundamentals.

NLC India, MRF, and Muthoot Finance Highlight a Dynamic Trading Session with Higher Volatility

NLC India (Rs 253.00) led the gains with an impressive 6.75% increase, driven by strong operational metrics and the government's focus on renewable energy projects. The stock's robust trajectory reflects optimism about its future growth potential in the energy sector.

MRF Ltd. (Rs 123,509.90) posted a modest 0.45% gain, buoyed by the ongoing demand for tires in the automobile sector. Meanwhile, Muthoot Finance (Rs 1899.55) saw a slight 0.16% increase, as consistent gold loan demand continues to support its business fundamentals.

In the IT space, Mphasis (Rs 2786.20) remained largely stable with a minor 0.11% dip, highlighting steady demand for its digital transformation services. Oracle Financial Services (Rs 11,141.90) also dipped slightly by 0.24%, as the market adjusted following its recent rally.

Retail giant Nykaa (Rs 167.93) slipped by 1.39%, with investors cautious about its margins amidst rising competition in the e-commerce beauty space. Similarly, Oberoi Realty (Rs 1917.35) dipped 0.79%, reflecting cautious sentiment in the real estate sector.

NMDC (Rs 217.63) and MRPL (Rs 145.05) both saw declines of 1.62% and 1.97%, respectively, amidst subdued sentiment in the commodities market.

Phoenix Mills, Paytm, and Petronet LNG Among Gainers in Weak Markets

Petronet LNG (Rs 321.85) emerged as a strong performer, gaining 2.52%, fueled by increased demand for LNG and favorable pricing dynamics in the global market. Similarly, Phoenix Mills (Rs 1534.25) soared 3.57%, as the reopening of commercial real estate and retail spaces continues to drive its earnings growth.

Paytm (Rs 845.40) delivered an impressive 3.83% increase, reflecting improved investor sentiment around its growing fintech ecosystem and steady revenue growth. Meanwhile, Oil India (Rs 486.05) remained stable with a 0.12% gain, supported by resilient crude oil prices.

In the consumer sector, Page Industries (Rs 44,447.70) dipped slightly by 0.35%, reflecting profit booking after its recent rally. Patanjali Foods (Rs 1756.90) fell sharply by 5.17%, as market participants reacted to potential challenges in raw material procurement.

IT services leader Persistent Systems (Rs 5725.50) posted a modest 0.26% increase, driven by sustained demand for cloud and software solutions. Conversely, Polycab (Rs 6408.35) dipped 1.66%, likely due to profit booking after robust gains earlier in the month.

E-commerce player Policy Bazaar (Rs 1724.95) gained 0.71%, reflecting optimism around its customer acquisition strategy. PI Industries (Rs 4138.70) showed minimal movement with a 0.24% dip, indicating stability in its agrochemical business.

Prestige Estates (Rs 1649.85) stood out with a robust 4.23% increase, driven by strong sales in its residential projects and optimism around urban housing demand. Similarly, Sonacom Star Comstar (Rs 683.90) gained 0.51%, reflecting its growing prominence in the electric vehicle components market.

Poonawalla Fincorp (Rs 360.20) posted a modest 0.53% gain, supported by its consistent growth in vehicle financing and SME loans. Meanwhile, Sundaram Finance (Rs 4103.60) edged up by 0.41%, maintaining its upward trajectory with a stable performance in the lending space.

Infrastructure giant Rail Vikas Nigam Limited (RVNL) (Rs 421.85) dipped 2.38%, likely influenced by profit booking after its recent stellar run. Similarly, Steel Authority of India (SAIL) (Rs 110.59) fell slightly by 0.77%, reflecting sector-wide challenges in the steel industry.

In the financials, SBI Card (Rs 675.05) dropped 1.38%, as market participants weighed in on concerns about consumer credit quality. SJVN (Rs 103.44) also declined 2.26%, reflecting softer sentiment around renewable energy stocks.

Chemical player Solar Industries (Rs 9973.50) remained stable with a minor 0.10% dip, while SRF Ltd. (Rs 2143.65) saw a 2.53% drop, as the specialty chemicals sector faced some headwinds.
Suzlon Energy, UPL, and Torrent Power underscored resilience amid selling in overall markets
Suzlon Energy (Rs 65.33) emerged as a clear winner with a 5.00% gain, driven by robust demand for renewable energy solutions and the company's strong order book. Similarly, UPL Ltd. (Rs 555.75) gained 1.63%, reflecting optimism around its agricultural chemicals portfolio and improved global demand.

Torrent Power (Rs 1582.35) remained steady with minimal movement, highlighting the stability of its operational metrics in the energy sector. In contrast, Supreme Industries (Rs 4551.60) fell by 2.12%, reflecting investor caution after recent gains in the manufacturing segment.

Tata Chemicals (Rs 1045.10) experienced a 2.17% decline, as market participants weighed in on pricing pressures in the chemicals industry. Similarly, Tata Communications (Rs 1711.55) dipped by 1.44%, with profit booking impacting its stock after a steady rally.

Tech major Tata Elxsi (Rs 6496.10) saw a 0.81% dip, as the broader IT sector witnessed subdued sentiment. Meanwhile, Tata Technologies (Rs 933.15) also dropped 1.62%, reflecting concerns about sectoral headwinds.

Voltas (Rs 1675.50), a key player in the consumer appliances segment, dipped slightly by 0.67%, likely due to broader market corrections. Tube Investments (Rs 3543.60) declined 1.87%, reflecting short-term challenges in its industrial segment.