The BSE Sensex dropped 228 points, or 0.3%, to 82,498 in morning trade on Thursday, while the Nifty 50 fell 0.2% to 25,161, snapping gains from the previous session. Losses were largely driven by declines in tech, financial services, and banking stocks. The Nifty IT index plunged 1.7%, led by a sharp drop in Coforge (-7.9%), marking its biggest single-day fall since April 4, 2025, and Persistent Systems (-8.8%), its steepest decline since April 3, following weaker-than-expected Q1 earnings. Lingering uncertainty over US-India trade negotiations further weighed on market sentiment. However, robust private sector growth data for July and an overnight rally on Wall Street - fueled by trade deals between the US and the EU—helped limit deeper losses. Other early decliners included Tech Mahindra (-1.8%), while Nestle India and Bajaj Finance each fell around 1% ahead of their Q1 results due later today.