Sensex Drops 250 Points, Nifty Below 23,900; IT Stocks Drag

Sensex Drops 250 Points, Nifty Below 23,900; IT Stocks Drag Stock Market Today Indian equity benchmarks opened Monday’s session on a subdued note, as cautious sentiment, mixed global cues and firm crude oil prices weighed on the market. The Sensex declined 255.18 points, or 0.33%, to 76,260.25, while the Nifty 50 slipped 58.10 points, or 0.24%, to 23,839.60 in early trade. Among the key gainers, BEL (BEL) climbed 0.51%, while Bharti Airtel advanced 0.41%. Eternal gained 0.40%, and !Bajaj Finance rose 0.39%. Meanwhile, IT stocks faced notable selling pressure. Infosys dropped 2.39%, followed by HCL Technologies, which declined 1.86%. TCS eased 1.19%, while Tech Mahindra fell 0.96%. Key Global & Domestic Cues Asian markets traded higher on Monday, but GIFT Nifty remained in the red, pointing to a cautious tone for Indian equities. Crude oil prices stayed elevated, with Brent crude above $96 per barrel. Market participants will track global trends, crude oil prices, precious metals, FII-DII flows, currency movements and stock-specific developments for further direction.