Indian Stock Markets Struggle as IT Sector Outperforms

Sensex and Nifty open mixed after a week of losses driven by foreign outflows and economic growth concerns.

The Sensex rose slightly by 34.27 points (0.04%) to 77,654.48, while the Nifty fell 20.50 points (0.09%) to 23,506.00 on Friday morning.
IT stocks led gains, with Tata Consultancy Services (TCS) surging 4.2% after reporting an 11.59% rise in Q3 net profit to ₹12,380 crore.
Foreign portfolio investors have withdrawn $2.2 billion from Indian markets in January, citing concerns over slowing corporate earnings and fewer anticipated U.S. interest rate cuts.
The Nifty IT index climbed 2.19%, the only sectoral index in the green, while other sectors like media and PSU banks saw declines.
Market analysts predict a potential recovery later in 2025, with expectations of improved economic growth and infrastructure spending boosting investor sentiment.