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India markets open weak as IT majors weigh on sentiment
Markets in India open weaker as IT names lag, dragging indices into early losses.
Indian indices opened lower on Oct 17 after recent gains, with Nifty and Sensex both sliding ~0.2% early. The drag came mainly from major IT names — Infosys fell ~1.4% while Wipro dropped over 4%. Broader markets saw mixed action with midcaps showing slight weakness. Traders attributed the underperformance to margin concerns and cautious guidance from tech names. India VIX rose modestly, and foreign institutional flows were marginal. The cautious start suggests consolidation amid choppy global cues.