Indian stocks decline as global tech selloff impacts IT sector
after close1 source ↓written by the desknot a recommendation
- as a global
- 1%
- dropping
- 5%
The Sensex and Nifty fell 1% as a global tech selloff affected Indian markets, with IT stocks dropping up to 5%. The rupee weakened against the US dollar, while bond yields eased, indicating mixed market sentiment. This decline reflects heightened sensitivity of Indian IT to US demand and global risk sentiment.
Not investment advice. For informational purposes only.