Asian markets drag down, no progress in US-Iran negotiations, Indian stock market falls for five consecutive days

(1) Dragged down by the general weakness in Asian markets, coupled with the lack of progress in negotiations between the United States and Iran weighing on market risk sentiment, the Indian stock market declined in response. (2) The National Stock Exchange Nifty50 Index fell by 0.4%, facing what is set to be its fifth consecutive day of losses—marking the longest losing streak since early January this year. HDFC Bank and ICICI Bank led the decline, both dropping by approximately 1.1%. Among the component stocks, only 10 rose while 40 declined. (3) Despite ongoing pressure throughout the year and disruptions in the artificial intelligence industry, India's information technology sector performed strongly against the trend, continuing its recent rebound. The sub-index for this sector soared over 3.5%, narrowing its year-to-date decline to around 18%; in contrast, the broader Nifty index has fallen nearly 11% so far this year.