Indian Markets Slide Following Global Economic Concerns

Sensex and Nifty indices decline as IT and banking stocks face heavy losses, influenced by weak US market trends and recession fears.

The BSE Sensex dropped over 400 points, while the NSE Nifty fell by more than 130 points during Tuesday's trading session.
IT stocks, particularly Infosys, Wipro, and Coforge, were among the hardest hit, with the Nifty IT Index falling by 1.82%.
Global market uncertainty, including a significant sell-off in the US markets and recession fears tied to tariff policies, contributed to the downturn.
Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth ₹485.41 crore, while Domestic Institutional Investors (DIIs) provided partial support by purchasing ₹263.51 crore.
Sun Pharmaceuticals and ICICI Bank were among the few gainers, offering limited relief to an otherwise bearish market.