Indian Markets Slide to Six-Week Low as IT Lead Decline!

Indian Markets Slide to Six-Week Low as IT Stocks Lead Decline Indian equities came under pressure on Monday, with the Nifty 50 falling 0.50% to 23,779.15 and the Sensex declining 0.50% to 76,132.81. Both benchmarks touched their lowest levels in roughly six weeks. The biggest pressure came from IT stocks, with the sectoral index falling around 2.3%. Stronger-than-expected US jobs data has increased expectations that the US Federal Reserve could keep interest rates higher, potentially affecting spending by American clients of Indian IT companies. At the same time, rising crude oil prices added another layer of concern. Brent crude moved up to around $96.8 a barrel, increasing worries about India's import bill and inflation. Key takeaway: 📉 Nifty 50: 23,779 📉 Sensex: 76,133 💻 IT stocks under pressure 🛢️ Brent crude near $96.8 ⚠️ Global rates + crude remain key risks