Sensex Slides 330 Points, Nifty Ends Below 23,350
What Happened
Indian equities ended lower after a volatile session, snapping a four-day winning streak. The Sensex fell 330 points to 74,529, while the Nifty 50 declined 85 points to 23,329. Selling in IT stocks such as TCS, Infosys, HCL Tech and Tech Mahindra, along with profit booking at higher levels, dragged the market lower.
Key Takeaways
Despite support from softer crude oil prices, investors remained cautious amid geopolitical uncertainty and concerns over IT earnings. Media and realty stocks outperformed, but weakness in technology shares kept the broader market under pressure.