Market Slumps: Sensex Falls 367, Nifty Below 26,050 Amid IT, Auto Weakness

• Benchmark indices Sensex and Nifty closed lower, reflecting cautious investor sentiment.
• Sensex fell 367 points to 85,041, while Nifty slipped 99.8 points to 26,042, breaching its 20-day moving average.
• IT and auto sectors led the decline; Coforge dropped nearly 4%, Nifty Bank fell for the third consecutive session.
• Gainers included RVNL (up 12% on new fare rollout), Titan (up 2% ahead of store launch), and Dilip Buildcon (up 2% on order wins).
• Midcap index also fell 137 points to 60,314, indicating broad market weakness.

Why It Matters: Indian markets closed lower, dragged by IT and auto sectors, reflecting cautious investor mood.