Benchmark indices Nifty and Sensex couldn’t hold onto their early spark, slipping into the red for a third straight session as 12 of 13 sectoral indices stumbled, weighed down by losses in public sector banks and metals. Yet, the IT sector dazzled, with TCS' stellar Q3 results reigniting hopes. Early signs of a discretionary demand revival in the October-December quarter, flagged by the management, have brokerages upbeat about stronger margins by FY26.