FX.co ★ Sensex Falls on Tech Sector Weakness

On Thursday morning, the BSE Sensex increased by 228 points, or 0.3%, reaching 82,498, while the Nifty 50 edged up by 0.2% to 25,161, continuing from the gains made in the prior session. The tech, financial services, and banking sectors primarily contributed to the downturn. The Nifty IT index saw a decline of 1.7%, significantly impacted by stark decreases in Coforge, which dropped by 7.9%, marking its steepest fall since April 4, 2025, and Persistent Systems, which plummeted by 8.8%, experiencing its largest decrease since April 3, 2025, due to disappointing Q1 profit figures. Ongoing uncertainties regarding the US-India trade discussions further dampened market sentiment. Nonetheless, the market slide was restrained by new data indicating that India's private sector growth was strong in July. Among the early decliners were Tech Mahindra, which fell by 1.8%, and Kotak Mahindra Bank, Nestle India, and Bajaj Finance, each registering a drop of around 1%.