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IT stocks drag Indian markets lower as EV shares rally on Delhi policy

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Indian equity markets declined on Tuesday, with the information technology sector leading losses on the NSE and BSE. Electric vehicle stocks bucked the trend, surging after Delhi announced a new EV policy aimed at promoting clean mobility. While benchmark indices struggled, mid-cap and small-cap segments demonstrated relative resilience during the session. Analysts have characterized the current market environment as a consolidation phase, while maintaining a positive long-term outlook for EV adoption in India.

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