IT stocks face pressure amid geopolitical tensions and weak earnings
after close1 source ↓written by the desknot a recommendation
- 1.14
- 82,626.76
- 0.86
- 25,471.10
- sold equities worth
- ₹4,019.09 cr
The Indian benchmark indices declined as geopolitical tensions and weak earnings weighed on sentiment. The Sensex fell 953.64 points (1.14%) to 82,626.76, while the Nifty dropped 222.6 points (0.86%) to 25,471.10. Foreign institutional investors sold equities worth ₹4,019.09 cr, reversing their previous buying trend. TCS experienced the largest market cap erosion, followed by Infosys and HDFC Bank.
• FIIs sold ₹4,019.09 cr in equities
• DIIs purchased ₹6,883.81 cr
• Mixed performance in broader market indices
Immediate implications suggest a potential downtrend for IT stocks amid ongoing market volatility.
Not investment advice. For informational purposes only.