Indian Shares Notably Lower As IT Stocks Drag

Gift Nifty indicates negative opening for Indian stocks

Stock-specific action will continue

D-St set for a negative opening as GIFT Nifty signals weak start

Benchmark Nifty experienced a marginal decline after recovering from a significant low during the trading session. Analysts believe Indian equities may remain range-bound. The rupee weakened against the US dollar due to rising crude oil prices and a strengthening dollar. Foreign portfolio investors were net buyers on Wednesday, with significant purchases noted.

Indian Shares Notably Lower As IT Stocks Drag

Indian shares fell notably in early trade on Wednesday, with Information technology stocks coming under heavy selling pressure after an AI-fueled tech rally sent U.S. stocks to a higher close on Tuesday.

28 October, 2026 Stock Market Updates: Sensex down 345 points, Nifty below 22,700, IT shares drag

Asian stocks rallied after ​a resurgence in AI enthusiasm, following a surge in US stocks.

Stocks in Focus: Lemon Tree Hotels, Exide Industries, and Others

The GIFT Nifty futures, which is an early indicator of the Nifty50 index stocks, was trading lower by 62 points at 22,749, indicating that the domestic benchmark indices are likely to make a negative start on Wednesday.  Earlier on Tuesday, 27 October, the domestic benchmark indices S&P BSE Sensex slumped...