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Double-Edged Sword: The Impact of PSU Decline on Sensex and Nifty, While Defensives Shine in I.T. and Pharma; Global Trends and Emerging Technologies Discussed on Closing Bell

The benchmark Sensex and Nifty have been affected by the drop in PSU stocks, with the Sensex losing over 450 points. The Nifty Bank index has also fallen below 45,000, and the PSU Bank index has seen a decrease of over 3%. This decline has not been limited to banking names, as rail PSUs like RVNL, IRFC, IRCTC, and BEML have seen drops of 8-10% each, while power PSUs like SJVN, NBCC, and NHPC have experienced decreases of 10-20%.

However, there are some bright spots in the market. Defensives in the I.T. and pharma sectors have been among the top gainers. Stocks in focus include Hero Moto Corp, Divi’s Labs, and Honasa Consumers after their Q3 earnings. Brokerages are adjusting their targets for these counters based on their strong performance.

The trading day was highlighted by several developments on Closing Bell. Nandita Khemka discussed the impact of global events on Indian markets and how investors can navigate them. Yatin Mota spoke about emerging technologies that could change the way we live and work in the future. Both experts provided valuable insights into the current market landscape and what investors should look out for moving forward.

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