Sensex Dips 300 Pts, Nifty Below 26,300; IT Sell-off, Trump Tariffs Fuel Decline

• Sensex dropped 322.39 points (0.38%) to 85,439.62; Nifty declined 78.25 points (0.3%) to 26,250.30.
• Selling in IT shares was a key factor, with Nifty IT index down 2% due to US tariff concerns and CLSA's cautious note.
• US President Donald Trump's threat of higher tariffs on India over Russian oil purchases added to market uncertainty.
• The rupee weakened by 4 paise to 90.24 against the US dollar amid geopolitical uncertainties.
• HCL Technologies, Infosys, HDFC Bank were top laggards; Bharat Electronics and Nestle India gained.

Why It Matters: Indian markets fell due to IT stock selling, Trump's tariff threats, and a weakening rupee.