📰 ET Markets 🔴 BEARISH 🕒 29 Oct 2026, 05:51 AM IST

Sensex, Nifty fall as IT stocks slide, rising oil prices weigh

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Core Development: Sensex, Nifty fall as IT stocks slide, rising oil prices weigh

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Market & Financial Impact: Indian equity markets took a hit on Wednesday, primarily due to declines in the IT sector and escalating crude oil prices. Both the Sensex and Nifty closed lower, showcasing investors' cautious mood amidst significant intraday drops. Key downturns were influenced by Reliance Industries along with various IT stocks, but the auto sector and select banking stocks sparked some buying activities that alleviated part of the losses.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

Both indices had fallen as much as 1% earlier in the day.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Sensex, Nifty fall as IT stocks slide, rising oil prices weigh

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