Mumbai, June 1: Indian equity markets ended lower in volatile trade, with the benchmark Sensex declining by 508 points amid selling pressure in FMCG and PSU bank stocks.
Weakness in frontline consumer and public sector banking shares dragged the indices down, as investors booked profits after recent gains. Broader market sentiment remained cautious, with participants closely tracking global cues and sector-specific movements.
Market analysts noted that FMCG stocks came under pressure due to concerns over near-term demand trends and valuation comfort, while PSU banks witnessed profit-taking after a period of strong performance.
Despite the overall decline, select sectors showed resilience, helping limit deeper losses. However, overall sentiment remained subdued throughout the trading session.
Experts said ongoing volatility reflects a combination of global uncertainties, fluctuating commodity prices, and intermittent domestic profit booking across key sectors.
Investors are expected to remain cautious in the near term as markets look for fresh triggers, including corporate earnings updates and macroeconomic indicators.