Indian stock markets extended losses Wednesday as the Nifty 50 fell 0.67 percent to 24,412, dragged down by disappointing IT sector performance. HCL Technologies crashed 10.80 percent to 1,285.60 rupees after underwhelming quarterly results and a muted growth outlook for FY27, making it the worst performer on the index. Tech Mahindra, Infosys, and TCS also declined significantly, reflecting broader sector concerns about demand visibility and earnings trajectory. Analysts highlighted that weaker commentary from HCL triggered investor concerns about the IT sector's growth prospects. Market attention has now shifted to Infosys results scheduled for April 23, with investors closely monitoring management commentary for insights into the broader demand environment. On the positive side, defensive stocks and FMCG names provided support, with Tata Consumer Products gaining 4.
