Markets moved lower
Indian equities traded weaker, with the Nifty 50 and BSE Sensex slipping as investors reacted to geopolitical tension and the possibility that U.S. interest rates could remain higher for longer.
IT stocks faced pressure
Technology shares were among the weakest parts of the market because Indian IT companies earn a large share of revenue from U.S. clients.
What investors are watching
U.S. inflation data, oil prices, Middle East developments and RBI liquidity action are likely to remain key market drivers.