English
English
English
The BSE Sensex tumbled 1,048 points to close at 82,627, and the Nifty 50 slipped 336 points to 25,471, falling below the 25,500 mark.
Nifty breaches 25,500, Sensex plunges 1,048 points amid heavy IT selling
New Delhi: Indian equities ended sharply lower for a second consecutive session on Friday, dragged by heavy selling in IT and metals, while broader markets lagged despite selective gains in financials and defence stocks.
The BSE Sensex tumbled 1,048 points to close at 82,627, and the Nifty 50 slipped 336 points to 25,471, falling below the 25,500 mark.
Major Nifty Stocks in the Red
Among the Nifty constituents, 44 of 50 ended in the red, with key laggards including Hindalco Industries, Hindustan Unilever Limited (HUL), ONGC, and Adani Enterprises.
Stock Market Close: Sensex drops 559 points, Nifty falls below 25,850 as IT shares drag
Stock-Specific Moves Amid Earnings
The broader market underperformed, with the midcap index dropping over 1,000 points and an advance-decline ratio of 1:4.
However, stock-specific movements continued, with Engineers India rising on strong earnings, while Alkem Laboratories and PI Industries fell after results.
For the week, benchmarks closed nearly 1% lower. The Nifty IT index suffered its steepest weekly fall in a year, sliding 8% and erasing almost Rs3 lakh crore in market capitalization.
Stock Market Update: Sensex plunges 1,048 points, Nifty breaches 25,500 amid IT sell-off
IT Heavyweights Lead the Decline
Five of the six biggest Nifty losers were IT heavyweights - Infosys, HCL Technologies, Tata Consultancy Services, Wipro, and Tech Mahindra.
