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Nifty, Sensex open flat as IT stocks drag markets
Indian benchmarks opened flat as IT stocks weighed on markets, while silver prices fell sharply amid consolidation.
Nifty and Sensex opened flat as IT stocks dragged benchmarks, keeping markets in a consolidation phase. Investors remained cautious ahead of global cues and earnings signals. Banking and FMCG provided limited support, while metals were mixed. Silver prices slipped sharply, falling about nine percent, reflecting profit booking and global weakness. Analysts said range bound trade may persist until clearer macro triggers emerge in coming sessions