Nifty Slips as Oil Surges, IT Stocks Defy Selling

The Indian market closed lower today as rising crude oil prices and persistent foreign investor outflows weighed on sentiment. The Nifty 50 fell 99.25 points (0.44%) to 22,622.70, while the Sensex declined 251.89 points (0.34%) to 72,781.89. - Top Nifty 50 gainer: Nestlé India: Rose 3.69%, supported by buying interest in FMCG stocks. - Top Nifty 50 loser:

: Fell approximately 3.85%, leading the benchmark's declines. - IT stocks showed resilience: The Nifty IT index gained 1.1%, extending the previous session's rally following HCLTech's strong quarterly results. - Crude oil remained a major concern: Prices climbed towards $106 per barrel amid geopolitical supply risks, while continued foreign outflows added pressure to equities.