Indian Markets Open Lower As IT Stocks Drag Benchmarks
What Happened
Indian equities opened lower on October 28, with the Sensex falling over 300 points and the Nifty 50 slipping below 22,700 in early trade. Infosys, Tech Mahindra, HCL Tech and TCS were among the major drags, while L&T bucked the trend with strong gains. Foreign investors had turned net buyers on October 27, purchasing ₹4,240.39 crore of equities, but early sentiment remained weak despite gains across major Asian markets.
Key Takeaways
IT-sector weakness is driving today’s decline, with Indian benchmarks under pressure even as broader Asian markets trade higher.