India’s stock indexes, the Nifty 50 and the Sensex, dropped slightly on Monday after reaching record highs. The Nifty 50 fell by 0.3% and the Sensex slipped by 0.4%. Last week, both indexes saw gains of nearly 2% and reached all-time highs. The tech and metals sectors were the biggest losers, with IT stocks falling by 0.7% and metals dropping by 1.1%. Hindalco and HDFC Bank were the top losers among individual stocks on the Nifty 50. Concerns about the actions of the US Federal Reserve, rising commodity prices, and other factors are causing potential volatility in the market, according to analysts. Mid-cap and small-cap stocks also saw declines. Investors are now awaiting the interest rate decision from the US Federal Reserve, which is expected to remain unchanged. The Chinese property sector, an important consumer of metals, continues to face pressure despite positive economic data. Public sector banks in India, however, continued to rise for the fourth consecutive day. Dhanlaxmi Bank saw a 4.4% increase after an independent director resigned. Power producer NTPC also advanced by 2.1% after announcing plans to explore overseas sourcing of battery minerals.
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