Indian equity benchmarks ended lower as selling pressure in IT stocks weighed on market sentiment. The Sensex fell nearly 100 points, while the Nifty slipped below the crucial 26,350 level, reflecting cautious investor mood.
The decline was largely driven by weakness in information technology shares, amid renewed concerns over potential additional US tariffs following the latest comments from the US President. IT stocks, which earn a significant portion of their revenue from the US market, came under pressure as investors reacted to the possibility of policy uncertainty and its impact on earnings visibility.
Broader market sentiment also remained cautious, with investors preferring to stay on the sidelines ahead of global cues and developments on the trade front. While other sectors showed selective resilience, the drag from heavyweight IT stocks was enough to pull the benchmarks lower.
Market participants continue to monitor global trade signals, US policy developments, and currency movements, which are expected to play a key role in determining near-term market direction.
