Daily-Wrap

Despite the daily pullback, theindexhas remained broadly flat over the past five sessions and continues to trade 2.78% below its 52-week high.

Sector performance was mixed, with six of the eleven sectors finishing in negative territory. Information Technology emerged as the standout performer, rising 7.38% on the day and extending its five-day gain to 9.55%, indicating a rebound in the sector after recent declines.

The market reached its strongest level since early March, initially supported by optimism around potential renewed peace talks between the United States and Iran. However, sentiment softened later in the session as banking stocks experienced broad-based selling pressure.

Market sentiment remained constructive, supported by optimism around a possible de-escalation in Middle East tensions. This came even as a blockade of the Strait of Hormuz was reported, with investors appearing to focus on the prospect of a resolution rather than immediate risks. Oil …

Sector performance reflected a mixed yet negative bias, with eight of eleven sectors closing in the red. Information Technology emerged as a notable laggard, while Industrials and Consumer Discretionary also recorded declines. In contrast, Energy stood out as the top performer, rising 2.11% and …

Despite the modest decline, the market has recorded its best weekly performance since October 2022. Investor sentiment, however, turned cautious ahead of upcoming US-Iran ceasefire talks, while ongoing concerns around the Strait of Hormuz blockade continue to linger without clear signs of resolution.

Despite the index finishing in positive territory, underlying market breadth remained mixed. Information Technology emerged as the standout drag, falling sharply by -6.39% and weighing heavily on overall sentiment. Losses were also seen across Health Care (-1.11%), Consumer Discretionary (-0.75%), and Materials (-0.46%), indicating …