Mumbai: Domestic equity benchmarks opened lower today, weighed down by weakness in information technology sector stocks. Sensex opened at 72,990, down 134 points, while Nifty slipped 76 points to 22,524 in the early trade.
Among sectoral indices, Nifty IT was worst performer and declined over 2 per cent. Nifty MidSmall IT & Telecom, Nifty Realty, Nifty Oil & Gas, Nifty PSU Bank, Nifty Consumer Durables, Nifty Cement and Nifty Auto decreased by up to 1 per cent. On the other hand, Nifty Private Bank advanced 0.49 per cent, while pharmaceuticals and healthcare-related indices showed resilience.
In Asia, markets began on a cautious note as oil prices retreated from six-month highs with investors bracing for a busy week of central bank meetings and corporate earnings that could further test confidence in the AI-driven rally.
[AIR news]