Indian equity benchmarks opened lower today as investor sentiment turned cautious amid sustained selling in major IT stocks. Concerns over upcoming earnings and global macroeconomic cues contributed to the early weakness across key indices.

Technology Stocks Under Pressure

Leading IT firms, including Infosys, TCS, and Wipro, faced a sharp decline during the morning session. The broader tech sector struggled as investors reacted to expectations of muted Q1 results and signs of global demand slowdown in IT services.

Sensex and Nifty Drop After Opening Bell

The Sensex slipped by over 200 points shortly after opening, while the Nifty 50 fell below significant support levels. The tech sector was the top laggard, influencing the overall negative market trend during the early hours of trading.

Investors Turn Defensive Ahead of Earnings

With Q1 corporate earnings around the corner, traders remained on the sidelines, avoiding aggressive positions. Broader market weakness was also fueled by uncertainties around U.S. interest rate guidance and ongoing geopolitical developments.

Mixed Global Cues Add to Uncertainty

Asian markets presented a mixed picture, mirroring the volatility in U.S. indices. The underperformance of the Nasdaq weighed heavily on tech sentiments across global markets, including India.

Short-Term Market Outlook

Market analysts suggest continued volatility, especially in the IT sector, unless earnings results bring positive surprises. Traders are advised to keep a close eye on macroeconomic updates and corporate commentary to navigate short-term risks.

IT Sector Drags Indian Stock Markets Lower in Early Trade