Sensex, Nifty open flat amid global tech rally; Financials surge, IT bleeds

Chip fears drag markets lower; IT stocks buck the trend

China's CXMT IPO surged 500% to $540B, sparking global chip sell-off (Nvidia -5%, Samsung -8%, SK Hynix -10%) amid fears Chinese memory will reach Apple faster. Memory supply chain risk now critical for stack planning and next-gen product timelines.