At 9:18 AM IST, the Sensex stood at 83,918.17, down 315.47 points or 0.37 per cent. Meanwhile, the Nifty 50 was trading at 25,853.80, down 100.05 points or 0.39 per cent.
Indian equity markets slipped in early trade on Thursday, with the BSE Sensex and NSE Nifty retreating amid profit-taking in heavyweight IT and technology stocks.
At 9:18 AM IST, the Sensex stood at 83,918.17, down 315.47 points or 0.37 per cent. Meanwhile, the Nifty 50 was trading at 25,853.80, down 100.05 points or 0.39 per cent.
Tech majors were the main laggards. Infosys fell 3.72 per cent to 1,417.20, TCS slipped 2.72 per cent to 2,830.70, HCL Technologies declined 2.85 per cent to 1,507.40, and Tech Mahindra dropped 3.59 per cent to 1,575.80. Wipro also saw a 2.91 per cent loss. Collectively, these movements weighed on benchmark indices.
On the upside, select banking and public sector stocks provided some support. Axis Bank gained 0.69 per cent to 1,357.00, ICICI Bank rose 0.58 per cent to 1,414.00, PowerGrid and NTPC both edged up around 0.27 per cent, while ONGC led early gainers with a 1.33 per cent jump to 278.25.
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