Indian markets dip as big tech drags, midcaps edge up
Business
Stock markets in India dipped on Tuesday, mostly because big tech companies had a rough day.
The Sensex was down just over eight points at 77,050, and Nifty dropped by 32 points to 24,100.
Interestingly, smaller and mid-sized companies managed to edge up a bit, so not all was gloomy.
Infosys and TCS lead IT decline
IT and metal stocks both fell nearly 1%, with Infosys and TCS leading the slide.
Meanwhile, pharma stocks rose by 0.4%, and names like Bharat Electronics, Bajaj Finserv, and Titan saw almost 1% gains.
Analysts say falling oil prices and hopes for peace in the Middle East are good news for growth, but a big monsoon deficit is still worrying folks.
Investors are also watching out for US Fed updates next month that could shake things up globally.