Sensex tumbles over 440 points, Nifty slips below 24,600, IT and auto stocks remain resilient

Summary: Indian benchmark indices traded lower in Friday's morning session, extending their decline as selling pressure weighed on the broader market. At 10:32 am, the Sensex dropped 440 points, while the Nifty 50 declined 7.0 points IT and auto shares stood out as the day's outperformers, defying the weak market trend. The BSE IT index gained 1.03%, while the Auto index advanced 0.81%. In contrast, banking and telecom stocks witnessed notable selling, emerging as the biggest drags on the benchmarks. Among broader indices, the Nifty Midcap 100 rose 0.21%, whereas the Nifty Smallcap 100 slipped 0.23%. Market breadth remained nearly balanced, with 1,733 stocks advancing and 1,721 declining. Meanwhile, India VIX climbed 2.30%, reflecting heightened market volatility. Sensex Today | Stock Market Live: Sensex tumbles over 440 points, Nifty slips below 24,600; IT and auto stocks remain resilient