Punjab Newsline | New Delhi
Indian equity markets witnessed a sharp decline at the opening bell on Wednesday, with benchmark indices trading significantly lower amid broad-based selling pressure.
The BSE Sensex plunged 840.87 points, or 1.12 percent, to trade at 73,808.97, reflecting weak investor sentiment across sectors. Meanwhile, the NSE Nifty 50 dropped 221 points, or 0.94 percent, to 23,262.55 during early trading hours.
The steepest losses were recorded in the information technology (IT) sector, where shares of several major technology companies fell by as much as 4 percent. The sharp decline in IT stocks weighed heavily on overall market performance and contributed to the negative momentum.
Selling pressure remained dominant throughout the early session, with investors adopting a cautious approach amid market uncertainty.
Adding to concerns, the Indian rupee weakened against the US dollar, falling 14 paise to ₹95.50 per dollar in early trade, indicating pressure on the domestic currency alongside the equity market downturn.
