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Sensex falls over 300 points as IT stocks weigh on markets
Equity indices weakened as IT stock losses offset earnings optimism, pulling Sensex down and driving Nifty below the 26,300 level.
Indian equity benchmarks declined on January 5, with the Sensex dropping 322 points while the Nifty slipped below 26,300 as pressure from IT sector stocks offset optimism around recent corporate earnings. The broader market saw mixed sector performance as technology shares underperformed and defensive segments held firmer.