Indian stocks decline as global tech selloff impacts IT sector
pre-market1 source ↓written by the desknot a recommendation
- amid a global
- 1%
- dropping
- 5%
The Sensex and Nifty fell 1% amid a global tech selloff, with IT stocks dropping up to 5%. The rupee weakened against the US dollar, reflecting increased demand, while bond yields eased due to expectations of reduced government borrowing. This trend highlights the sensitivity of Indian IT to global market movements.
Not investment advice. For informational purposes only.