Sensex slips about 0.2% at open, tech weighs
India’s BSE Sensex edged down about 0.2% to 76,350 at the open Monday, reversing prior gains. Weakness in technology followed stronger-than-expected US labour data, while Brent near $97 raised import-bill and inflation concerns.
2% to 76,350 at the open on Monday, giving back the previous session’s gains and coming under pressure from weakness in the technology sector. Indian shares also faced pressure as investors assessed the risk of higher US interest rates after stronger-than-expected US labour-market data. Brent crude near $97 a barrel added to concern over India’s import bill and inflation, while market participants also monitored changes to pre-open session rules that could increase volatility around the open.
8% and stayed in focus after the IT major said it plans to invest 700 billion rupees in an AI data-centre campus in Telangana, highlighting continued spending on AI infrastructure despite near-term concerns over US demand. 3%).