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Infosys, Wipro drag benchmark indices at open
IT sector weakness pulls benchmarks lower at open; margin worries weigh on sentiment.
India’s equity benchmarks started lower on Friday, with Nifty slipping ~0.15% and Sensex ~0.16%. The drag came from IT names: Infosys declined ~1.5%, while Wipro plunged ~4.5% despite reporting solid top-line growth. Analysts flagged margin pressure and cautious guidance as reasons. Broader markets were weak — 10 of 16 key sectors were in the red. The lack of follow-through buying after recent rally and global jitters kept sentiment muted. Investors expect guidance clarity to shape intraday action.