Markets Slip on Weak Global Cues, IT Selloff

Benchmark indices BSE Sensex and Nifty 50 fell sharply, dragged by weak global cues and IT stocks, with profit booking at higher levels. Sensex dropped 600 points and Nifty slipped below 24,500. Despite the fall, broader market breadth stayed positive, while volatility rose with India VIX up 3.5%.