INDIA STOCKS-India stocks steady as US-India deal offsets tech slide
BENGALURU, Feb 4 (Reuters) - India’s equity benchmarks opened little changed on Wednesday as gains on the U.S.-India trade deal were offset by losses in IT stocks tracking a global tech selloff, limiting broader advances.
The Nifty 50 .NSEI was down 0.03% to 25,720.65, while the BSE Sensex .BSESN shed 0.12% to 83,653.21, as of 9:21 a.m. IST.
Fourteen of the 16 major sectors advanced, though the gains were marginal. They were offset by a 3.75% drop in IT companies .NIFTYIT.
U.S. and European data analytics, professional services and software shares dropped after artificial intelligence firm Anthropic launched workplace productivity tools, heightening disruption concerns across the sector.
The broader small-caps .NIFSMCP100 traded flat while mid-caps .NIFMDCP100 fell 0.3%.
The benchmark Nifty 50 and Sensex jumped about 2.5% each on Tuesday to notch their best daily gains in nine months as the India–U.S. trade deal removed a key market overhang.
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