Markets Turn Red At Midday As Infosys, TCS, Tech Mahindra Lead Selloff

Summary

Indian equity benchmarks are trading lower, with the Nifty50 declining 0.85 percent to 23,963.20, and the Sensex slipping 0.96 percent to 76,663.71. The sell-off is led by IT stocks, including Infosys, Tech Mahindra, and Tata Consultancy Services, following Accenture's weaker than expected revenue guidance. The Nifty IT index has plunged nearly 6 percent, making it the worst performer among sectors.