Just caught that Indian markets opened in the red today. The BSE Sensex dropped 362 points, about 0.4 percent, landing at 81,886, while the Nifty index fell 131 points or half a percent to 25,366. Pretty typical Friday vibes when global tech momentum stalls.

What's interesting is the backdrop here. The Iran-U.S. nuclear talks wrapped up in Geneva with no deal, which is weighing on sentiment across the board. Iran apparently rejected the major U.S. proposals on uranium transfers and enrichment halting, so we're looking at another round of negotiations happening within the week.

On the stock side, the usual suspects took hits. ITC, Kotak Mahindra Bank, Asian Paints, M&M, Bharti Airtel, Bajaj FinServ, Maruti Suzuki, HUL, and UltraTech Cement all down between 1-2 percent. Even Saatvik Green Energy tumbled 2.5 percent despite landing Rs 87 crore in new solar module orders, which is kind of a mixed signal.

But here's what caught my eye - IT stocks actually held strong for the third day running. HCL Technologies, Tech Mahindra, and Infosys were all up 1-2 percent. Netweb Technologies jumped 1.1 percent after announcing a collab with NYSE-listed Vertiv. So the tech rotation is still alive even with everything else wobbling.

Jio Financial Services also popped about 1 percent after pumping Rs 2,000 crore into its lending arm. Decent move considering the overall market tone.

The no deal outcome on Iran talks is definitely creating some uncertainty, but the selective strength in IT stocks suggests investors are still finding pockets to rotate into. Watching how this plays out next week when negotiations resume.