The Indian stock market started the trading session on a weak note as theBSE Sensexopened more than 500 points lower while theNifty 50slipped below the important 23,500 level. The fall was largely led by losses in IT stocks, which faced selling pressure following weak global cues and cautious investor sentiment.
Major technology companies saw declines in early trading, pulling the IT index down. Investors remained cautious due to global economic concerns, rising crude oil prices, and ongoing geopolitical tensions affecting international markets.
Market experts say that volatility may continue throughout the trading session as traders react to global developments and institutional investor activity. Analysts are closely watching the support level around 23,400 on Nifty. If the index holds above this level, the market may recover later in the day; otherwise, further downside is possible.
Overall, banking, IT, and auto sectors experienced selling pressure in early trade, while defensive sectors showed relatively better resilience.
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