Morning panic, afternoon shrug
Indian stocks opened the day like the market had just remembered it left the stove on. Heavy selling hit early as traders nervously watched rising Middle East tensions and a fresh pile of economic worries. Not exactly the kind of cocktail that makes investors reach for the risk button.
The IT crowd saves the day
Then came the part of the movie where the backup band turns up the volume. IT stocks surged and helped the market recover much of the damage, leaving Indian shares little changed by the close. In other words: the selloff had plenty of drama, but not much follow-through.
Why you should care
For investors, this is a reminder that markets can go from "everything is fine" to "maybe not" in about 12 headlines. When geopolitics gets spicy, India’s market — like most of the world — can get whiplash fast. And when a heavyweight sector like IT catches a bid, it can be enough to drag the whole index back toward the flatline.
Big picture: this was less a clean risk-off move and more a classic tug-of-war between macro nerves and sector strength.