Markets slip in early trade as IT stocks drag; FIIs turn net buyers

Market Overview - Benchmark indices opened lower, with the BSE Sensex declining to ₹83,381.35, down 436.34 points or 0.52% from the previous close of ₹83,817.69 [1] - The NSE Nifty 50 fell to ₹25,639.85, losing 136.15 points or 0.53% from its previous close of ₹25,776.00 [1] Sector Performance - The technology sector faced significant selling pressure due to concerns over Anthropic's new automation tools, which may impact IT services outsourcing and lead to margin pressure for Indian IT companies [2] - In contrast, domestic consumption-driven segments showed resilience, with companies like RIL, Bharti, and major banks performing well [4] Stock Movements - Top gainers on the Nifty 50 included Hindustan Unilever (+1.25% to ₹2,400.60), Jio Financial Services (+0.67% to ₹269.80), and ONGC (+0.56% to ₹268.45) [2] - Notable losers included Hindalco (-3.15% to ₹934.60), Tata Motors DVR (-2.46% to ₹366.20), and IndiGo (-2.15% to ₹4,854.00) [3] Investment Trends - Foreign institutional investors turned net buyers, purchasing equities worth ₹29.8 crore, while domestic institutional investors invested over ₹249 crore [4] - The auto sector is supported by a low-interest rate regime, which is expected to benefit related segments as summer approaches [6]