Indian equity benchmarks held steady in midday trade on Tuesday, with the Nifty 50 rising 0.13% to 24,461.05 and the Sensex gaining 0.15% to 78,405.79.
The session was defined by a stark divergence between the technology and retail sectors, as IT stocks extended a multi-day relief rally while consumer discretionary shares faced heavy selling pressure.
In contrast, retail giant Trent suffered a severe setback, with shares crashing 12% in the session.
The Nifty IT index continued its upward trajectory, building on a decisive 4.5% surge recorded earlier in the week.
This broad-based advance in technology shares has effectively halted a prolonged downturn for the sector, driven by trader speculation on improved sentiment and potential valuation support.
The positive momentum in IT helped anchor the broader market, providing a counterweight to losses elsewhere.
In contrast, retail giant Trent suffered a severe setback, with shares crashing 12% in the session.