Indian markets opened lower on 17 Oct, dragged by losses in major IT names.
Infosys and Wipro were early laggards, with Wipro falling ~4.4%.
Though they posted revenue growth, margin concerns and weak guidance hit sentiment.
The broader market reacted cautiously after the recent rally.
Early weakness in sectors like IT offset gains in consumer & a
uto names later in the session.
The pullback may offer short-term buying opportunities
in beaten down names.
But confirmation is essential before chasing reversals.
Traders should use stop losses to guard against knee-jer
k reversals.
The opening drop serves as a reminder: momentum can change fast.