Markets Slip as IT Stocks Drag Benchmarks Lower
What Happened
Indian markets ended lower for a second straight session, with the Sensex falling 281 points to 77,728 and the Nifty closing 78 points lower at 24,288. Weakness in IT and FMCG stocks weighed on sentiment amid global uncertainty.
Key Takeaways
While IT majors such as Infosys, HCLTech and TCS led the decline, gains in metals, realty and select banking stocks helped limit losses. Broader midcap and smallcap indices remained resilient, suggesting selective buying continued despite cautious market sentiment.