Market Midday Update | 12:50 PM, June 1: Nifty, Sensex Under Pressure; IT Stocks Shine Bright

Indian equity benchmarks are trading in the red at mid-session, with both NIFTY 50 and BSE SENSEX witnessing mild profit-booking and sectoral weakness across select segments. However, the IT pack is stealing the spotlight, with the NIFTY IT surging nearly 4% intraday, driven by strong buying interest in technology stocks. $PERSISTENT Systems jumped around 5.5%, while $COFORGE gained nearly 5%, reflecting robust sector momentum. Despite broader index pressure, selective IT strength is providing strong support to market sentiment. Traders continue to focus on stock-specific action amid volatile conditions and global cues influencing intraday direction. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only. Investors must verify information before investing and consider their financial position & risk profile.