Market Volatility: Sensex and Nifty Stagnant; Banking Drags as Titan Leads Sectoral Sell-off

Indian benchmark indices, the BSE Sensex and NSE Nifty 50, showed resilience in a volatile Wednesday session. While the Nifty 50 hovered near the 23,400 mark, sectoral divergence defined the day. Jewellery stocks like Titan faced a massive sell-off following a hike in import tariffs, while FMCG heavyweights and select pharma stocks provided much-needed support to the indices.