Stock Market Updates: Sensex Falls Over 300 Points, Nifty Below 25,800; IT Stocks Under Pressure

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Indian equity markets opened lower on Friday, pressured by a sharp sell-off across Asian markets and a weak handover from Wall Street. Domestically, investors are keeping an eye on the Bihar Assembly Election results and October’s wholesale inflation data. The BSE Sensex is at 84,209, down 270 points or 0.32 per cent, while the Nifty50 is at 25,796, falling 84 points by 0.32 per cent. The indices had hit intraday lows of 84,043 and 25,766, respectively, in opening deals.

In the broader market, the Nifty MidCap index inched up 0.03 per cent, while the Nifty SmallCap index was largely unchanged.

Global Cues

Across Asia, markets slipped in early trade after Wall Street closed sharply lower, with technology stocks facing renewed pressure amid uncertainty over potent