IT Stocks Drag Sensex Down 559 Pts, Nifty Slips Below 25,850

• Indian equity benchmarks closed lower on Thursday, primarily due to a sharp sell-off in information technology stocks.
• The BSE Sensex shed 558.72 points (0.66%) to close at 83,674.92.
• The NSE Nifty 50 settled at 25,807.20, down 146.65 points (0.57%).
• Frontline IT stocks like Tech Mahindra, Infosys, TCS, HCL Technologies, and Wipro saw significant declines.
• Financial and defence stocks, including Bajaj Finance, Shriram Finance, Eicher Motors, ICICI Bank, and Bharat Electronics, offered some support.