IT stocks drag Sensex, Nifty lower at open; Jio Platforms debut, Fed decision in focus

Indian benchmark indexes Sensex and Nifty opened lower as selling pressure in technology stocks weighed on equity sentiment. Domestic market participants absorbed mixed global cues while tracking the debut of Jio Platforms following its record IPO. Weakness in information technology equities offset gains in other domestic sectors during early trading hours. Investors globally adopted a cautious stance ahead of an upcoming Federal Reserve interest rate decision. Foreign institutional investor flows remain sensitive to shifting expectations regarding U.S. monetary policy. Local trading activity is expected to remain volatile until clear macroeconomic catalysts emerge from central bank policy announcements.