Stock Markets Open Lower as IT, Services Shares Drag Down Sensex, Nifty

• Equity benchmark indices Sensex and Nifty began trading in negative territory on Wednesday.
• The 30-share BSE Sensex declined 247.92 points (0.30%) to 83,203.04; Nifty dropped 70.25 points (0.27%) to 25,655.15.
• Major laggards included Infosys, Tech Mahindra, HCL Technologies, and Tata Consultancy Services.
• VK Vijayakumar of Geojit Investments Ltd noted continued volatility and weakness in IT stocks due to uncertainty.
• Foreign institutional investors bought equities worth Rs 995.21 crore on Tuesday.