Today Sensex drops over 440 points, Nifty trades around 24,550, IT and auto stocks outperform

Summary: Indian equity benchmark indices remained under pressure during Friday's morning session, with the Sensex declining more than 440 points and the Nifty trading near the 24,550 mark. At 10:32 am, the Sensex was down 440 points while the Nifty 50 slipped 70 points. Despite the broader market weakness, IT and auto stocks emerged as key gainers. The BSE IT index advanced 1.03%, while the Auto index climbed 0.81%. On the other hand, banking and telecom stocks remained among the biggest laggards, dragging the benchmarks lower. In the broader market, the Nifty Midcap 100 gained 0.21%, whereas the Nifty Smallcap 100 edged down 0.23%. Market breadth remained largely balanced, with 1,733 stocks advancing against 1,721 declining. Meanwhile, India VIX rose 2.30%, indicating increased market volatility. Investment in securities market are subject to market risks. Read all the related documents carefully before investing