Sensex recover partially from lows; IT, Pharma stocks under pressure;

ADANIPOWER

r surges 20%

Indian equity benchmarks traded with weakness on Monday, weighed down by a sharp selloff in IT counters after the US announced a one-time $100,000 levy on fresh H-1B visas. As of 1 PM, the BSE Sensex stood at 82,448.78, lower by 177.45 points or 0.21%, while the NSE Nifty 50 slipped 22.75 points or 0.08% to 25,306.10. Technology shares faced intense selling pressure, dragging the Nifty IT index down nearly 4% to 35,145.10 in intraday trade, after US President Donald Trump unveiled the steep visa fee hike. On the BSE,

, , , Technologies, and emerged as the top laggards, while Eternal, Adani Ports, UltraTech Cement, Power Grid, and Bajaj Finance featured among the leading gainers. The broader markets also edged lower — Nifty MidCap dipped 0.02% and Nifty SmallCap slipped 0.41%. Across sectors, the Nifty IT index tumbled 3%, followed by Mid-small IT and Telecom (down 1.75%). The Pharma pack declined nearly 1%, while Consumer Durables shed 0.25%. On the positive side, Nifty Realty advanced 1%, supported by gains in Media and Metals. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.