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Sensex Drops 504 Points as IT and Energy Stocks Weigh on Sentiment
Sensex fell 504 points on December 2 as IT and energy stocks dragged markets, though analysts maintain India’s broader positive earnings outlook.
Indian markets extended their decline on December 2, with the Sensex falling 504 points and broader indices also closing softer. The Nifty MidCap index dipped 0.22%, while SmallCaps weakened amid risk-off sentiment. Selling pressure in IT, oil-linked, and index heavyweight stocks contributed to the decline.