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Indian stock indices drop amid IT sector drag, global uncertainty ahead of Fed decision

The decrease was driven by losses in IT equities and muted global market trends, as investors awaited the US Federal Reserve's interest rate announcement.

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Representative image

Representative image

The Indian benchmark market indices dipped in early trading on Wednesday, following a record surge. The decrease was driven by losses in IT equities and muted global market trends, as investors awaited the US Federal Reserve's interest rate announcement, reported PTI. 

According to the report, the 30-share BSE Sensex declined 130.24 points to 82,949.42, and the NSE Nifty dropped 37.75 points to 25,380.80. The biggest decliners among Sensex corporations were Tech Mahindra, Infosys, Tata Consultancy Services, HCL Technologies, Asian Paints, and Sun Pharma. In contrast, Bajaj Finance, ITC, Bajaj Finserv, and HDFC Bank experienced growth.

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