Nifty Slips on IT Selling; Sensex Rises Early

India's benchmark indices opened mixed on Thursday morning, with the Nifty 50 slipping 46.85 points (0.19%) to 24,149.90 by 9:16 am while the Sensex moved in the opposite direction, gaining 139.67 points (0.18%) to 78,128.35. The divergence points to selective profit booking concentrated in specific heavyweight sectors rather than broad market selling. IT stocks weighed on the Nifty, dragging the index lower as investors locked in recent gains in the technology space. Defence and metals counters provided a partial offset, holding firm and limiting the downside in broader market sentiment. The split between the two indices reflects compositional differences, with Sensex's constituent mix absorbing the IT drag more favourably. Traders will watch whether IT selling deepens through the session or stabilises, and whether defence and metals can sustain their bid given global commodity and spending cues. The early divergence suggests a market rotating within sectors rather than retreating outright.