FINAL TRADE: Sensex slips 553 pts, Nifty around 24,200; IT stocks lead losses

The Indian stock market continued its downward trend, with the Sensex tumbling 470 points and Nifty holding around 24,200 in today’s session. The IT sector took the hardest hit, down 3 per cent, while FMCG, auto, and banking indices also fell by roughly 0.5 per cent. 

In the broader market, the BSE Midcap index declined by 0.5 per cent, but small caps outperformed with a 1 per cent gain. Key drags came from underperformance in heavyweight tech stocks, with IT majors reeling from weak global cues and earnings concerns.