Indian equity markets opened on a weak note as theBSE Sensexplunged sharply in early trade, while theNifty 50slipped below crucial support levels. The decline was primarily led by a strong sell-off in information technology stocks, which weighed heavily on overall investor sentiment.
Shares ofInfosysfell around 3% during the opening session, making it one of the top laggards on the indices. Other IT heavyweights such asTata Consultancy Services (TCS)andHCLTechalso traded lower, reflecting sector-wide weakness. The drop in frontline technology stocks pulled theNifty ITindex deeper into negative territory.
Market experts attribute the fall to multiple factors, including weak global cues, persistent concerns over AI-driven disruption in traditional IT services, and cautious commentary from global brokerages. Additionally, foreign institutional investors (FIIs) continued to trim positions in tech stocks, adding to volatility.
Broader market sentiment also remained subdued, with mid-cap and small-cap stocks witnessing selling pressure. Investors are now closely monitoring global economic developments, currency movements, and upcoming domestic data for fresh direction.
Given the significant weight of IT stocks in benchmark indices, sustained weakness in the sector could continue to pressure markets in the near term. Traders are advised to remain cautious amid ongoing uncertainty and fluctuating global signals.
