Sensex, Nifty fall as IT stocks slide, rising oil prices weigh

Indian equity markets took a hit on Wednesday, primarily due to declines in the IT sector and escalating crude oil prices. Both the Sensex and Nifty closed lower, showcasing investors’ cautious mood amidst significant intraday drops. Key downturns were influenced by Reliance Industries along with various IT stocks, but the auto sector and select banking stocks sparked some buying activities that alleviated part of the losses.

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