IT stocks drag markets as Wipro, sector face weak Q1
Markets slipped on Thursday, with the Sensex down 375 points and Nifty 50 falling by 100. IT stocks led the decline after Wipro posted a sequential dip in both revenue and profit for Q1 FY26. Global uncertainty over tariffs continues to weigh on tech clients in the US. Meanwhile, strong US earnings and economic data supported Wall Street sentiment.