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Sensex drops 300 points as commodity pressure and IT weakness weigh on markets
Sensex fell 300 points as IT and commodity-linked stocks weakened, though analysts pointed to stable domestic fundamentals and solid Q2 earnings momentum.
The Sensex declined by 300 points as weakness in commodity-linked sectors and IT stocks dragged broader sentiment amid persistent geopolitical and macroeconomic uncertainty. Market participants noted that volatility in crude oil, global risk-off cues, and cautious institutional flows contributed to the day’s decline. Analysts said that despite the pullback, underlying domestic fundamentals remain stable, supported by resilient consumption and stronger-than-expected Q2 earnings.
Traders expect near-term movement to remain data-driven as global inflation readings and central bank commentaries guide risk appetite.