Heavyweight sell-off drags benchmarks lower, broader market climbs

The domestic equity benchmarks snapped early gains to close slightly lower on Wednesday, as the Reserve Bank of India (RBI) maintained its key policy rates. The Nifty50 struggled to break above the 25,200 resistance level, with a late sell-off in heavyweight stocks dragging the index lower. The broader market outperformed, with mid and small-cap stocks advancing. Pharma and realty shares led the way, while FMCG and energy stocks corrected.