Equity benchmark indices, Sensex and Nifty, closed lower as investors treaded cautiously ahead of TCS Q1 earnings, impacting IT stocks adversely.
Renewed worries over potential US tariffs further dented market sentiment.
Market analysts indicate that the recent consolidation in IT stocks has led to a muted outlook, contributing to ongoing concerns.
Sensex ended 345.80 points down at 83,190.28, while Nifty 50 fell by 120.85 points to 25,355.25, with midcap and smallcap segments limiting their declines. Market experts foresee choppy conditions unless broader cues trigger a definitive breakout.