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Indian benchmarks remained largely flat today, with strong market breadth offsetting declines in IT stocks and a weakening rupee.
- IT stocks saw declines, mirroring a global tech selloff driven by AI spending concerns.
- Crude oil futures fell below $78, supported by ongoing US-Iran peace talks.
- The Rupee weakened against the US dollar, extending its decline for the day.
- Vedanta shares dropped significantly after a large block deal saw over 100 million shares change hands.
- Midcap and smallcap stocks like Kirloskar Oil Engines, Syrma SGS Tech, and APAR Industries posted strong gains on positive company-specific news.