Nifty Fails Key Hurdles, But Analysts Predict Short-Lived Correction

• Nifty 50 snapped a four-session winning streak, declining 146 points to close at 25,807.
• IT heavyweights Tech Mahindra, Infosys, and TCS were major losers amid a global sell-off in software stocks.
• The Nifty IT index tumbled 5.5% to a ten-month low, driven by concerns over AI disrupting established tech firms.
• Analysts believe the current consolidation or downward correction in Nifty could be short-lived, with support around 25,600.
• The rupee strengthened by 11 paise against the dollar to 90.59, supported by FII inflows and likely RBI intervention.