Dalal Street Dips: Sensex, Nifty Slide 1.5% Amid IT Rout, Bank Pressure

• Indian equities closed the week on a weak note, with Sensex and Nifty 50 shedding about 1.5% each.
• A sharp mid-week rout in information technology stocks triggered a broad-based selloff.
• Sustained pressure on private lenders like HDFC Bank, ICICI Bank, and Kotak Mahindra Bank capped recovery efforts.
• Markets started strong but optimism faded quickly from Tuesday onward due to IT meltdown and profit booking.
• Financials and auto stocks led the decline towards the week's end, with 44 of 50 Nifty constituents in red on Friday.