Market Wrap: Sensex down 322 points, Nifty below 26,300 as IT fall offsets earnings optimism

Indian equities ended lower on Monday, with Nifty down 78 points and Sensex slipping 322 points. IT stocks and HDFC Bank led declines amid concerns over U.S. tariffs and rising funding costs. Small-caps outperformed, while experts note December GST rebound and early Q3 trends support cautious optimism ahead of earnings season.