Nifty drops below 24,400 level; IT shares slump
Mumbai, Aug. 12 -- The key equity benchmarks traded with minor losses in early trade as investors remained cautious ahead of the release of domestic inflation data later today. Market participants are also assessing a slew of Q1 FY27 earnings announcements, with sector- and stock-specific movements remaining in focus amid the ongoing earnings season. Investors are also keeping a close watch on the progress of the monsoon, which remains an important factor for the broader economic outlook.
The Nifty slipped below the 24,400 level, while sentiment remained subdued amid a lack of strong directional cues. Investors continued to monitor movements in crude oil prices and developments on the global geopolitical front for further indications on ...
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