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Nifty trades weak as global cues and IT stocks weigh on sentiment
Indian markets traded lower amid weak global cues and IT sector pressure, while PSU banks and FMCG stocks helped limit the downside.
Indian equity markets opened on a cautious note as weak global cues and continued selling in IT stocks put pressure on benchmark indices. The Nifty hovered below key resistance levels while the Sensex traded with moderate losses. Support came from select PSU banks and FMCG stocks, which helped limit the downside.