The Nifty index extended its consolidation, struggling to sustain levels above 26,200 and closing down 35 points at 26,142 due to mid-session selling pressure. IT stocks were a significant drag following H-1B visa rule changes, while media, realty, and metal sectors showed outperformance. Broader markets presented a mixed picture, with midcaps declining and smallcaps rising. Global cues were positive, with Asian markets opening higher and US markets closing up overnight.