Indian benchmarks fall as IT profit-taking outweighs earnings optimism

Amber Enterprises India

07/11/2025 07:16

** Nifty 50 .NSEI, Sensex .BSESN drop about 0.25%, as profit-taking in IT stocks outweighs optimism over earnings and India–U.S. trade talks

** Both down nearly 1% for week after 4.5% Oct surge

** IT index .NIFTYIT slides 1%

** Nine of 16 major sectors decline; small-caps .NIFSMCP100 down 0.5%, mid-caps .NIFMDCP100 flat

** Weak U.S. jobs data, renewed tech layoffs, and government shutdown are heightening investor anxiety, even as markets watch India–U.S. trade developments and earnings - R Ponmudi, chief executive at Enrich Money

** Bharti Airtel BRTI.NS falls 4.1% after Singtel's $1.2 bln share sale

** Amber Enterprises AMBE.NS tumbles 9% on quarterly loss from weak consumer durables

** Cummins India CUMM.NS jumps 2.9% to record high as profit surges on robust demand

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))