Sensex Dips 400+ Points, Nifty Below 26,300; IT Stocks Lead Decline

Business
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News18•05-01-2026, 14:55
Sensex Dips 400+ Points, Nifty Below 26,300; IT Stocks Lead Decline
- •Sensex fell over 400 points to 85,329, and Nifty dropped 110 points to 26,219, with IT stocks like Infosys and HCLTech being top losers.
- •Broader markets, including NSE Nifty Midcap 150 and NSE Smallcap 150, showed gains.
- •Geopolitical tensions between the US and Venezuela boosted precious metals, with MCX Gold up 1% and MCX Silver up nearly 3%.
- •Asia-Pacific markets, including Japan's Nikkei 225 and South Korea's Kospi, opened stronger after US actions in Venezuela.
- •Oil prices edged higher, with Brent crude at $60.90 and US West Texas Intermediate (WTI) crude at $57.38 per barrel.
Why It Matters: Indian markets fell, led by IT stocks, while global tensions boosted metals and Asia-Pacific markets.
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