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The IT sector suffered the most, dropping about 1%, with major companies like HCL Tech and Tata Consultancy Services being the top losers
Indian stock indices Sensex, Nifty 50 were down in the pre-opening session
Asian equities are trading under pressure tracking Wall Street’s lead on Thursday.
The only gainers on the Nifty were Power Grid Corporation, Coal India, ONGC, Sun Pharma, and Asian Paints.
Major factors contributing to the bearish trend include foreign fund outflows and a downturn in HDFC Bank's performance
The stock decline is accompanied by substantial trading volume, with two crore shares changing hands, surpassing the one-month daily traded average of 73 lakh shares
Indian stock market indices Sensex and Nifty show lower trade in the pre-opening session
Nifty Midcap 50 stocks closed 0.35% lower. Nifty Bank ended with a decline of 0.54%.
BSE midcap index experienced a slight drop of 0.3%, and the Smallcap index dipped by 0.5%.
Mid-cap companies experience a slight dip of approximately 0.17%, while small-cap stocks see a 0.2% rise