Indian equity markets remained under pressure on Friday, with the benchmark Nifty 50 index sliding 90.30 points, or 0.37%, to trade at 24,545.70 by mid-session.
The broader Sensex index fell 465.94 points, or 0.59%, to 78,488.82, reflecting a cautious tone among investors amid ongoing global uncertainty.
While financial stocks faced significant selling pressure, with Bajaj Finance shares tanking 5%, the information technology sector demonstrated relative resilience.
The sell-off was not uniform across sectors.
While financial stocks faced significant selling pressure, with Bajaj Finance shares tanking 5%, the information technology sector demonstrated relative resilience.
IT stocks held firm against the broader market decline, providing a counterweight to the weakness in other key indices.
This divergence highlights a shift in investor preference toward defensive or stable earnings profiles during periods of heightened volatility.