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Sensex and Nifty End Lower as IT Stocks Weigh on Market Sentiment
Benchmark indices closed lower on January 5 as weakness in IT stocks offset gains in select banking and metal shares.
Indian equity benchmarks closed lower as selling pressure in IT stocks dragged overall market sentiment. Shares of major IT companies declined following cautious commentary on near term earnings outlook, while metal and banking stocks provided limited support. Broader markets showed mixed performance as investors remained selective ahead of key earnings announcements.