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HinduBusinessLine

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Markets open weak amid US tariff fears and IT sector drag 

  • Markets opened weak due to US tariff fears and weakness in the IT sector.
  • Foreign Institutional Investors continued selling, while Domestic Institutional Investors provided some support.
  • IT stocks dragged the market down, while financial services stocks performed well.
  • Technical analysts foresee further market decline in the near term, with key support levels for the Nifty at 25,120 and 25,000.

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