Stock Market Today
Stock Market Today: IT Heavyweights Drag Sensex Lower
The IT companies on Dalal Street extended market losses, weighing on overall trading sentiment. The market opened in the red following Thursday’s sharp IT-sector sell-off. The Sensex began the session at 82,931.27, down 743.65 points (0.89%), while the Nifty 50 stood at 25,580.30, lower by 226.90 points (0.88%).
Heavy selling in Infosys and TCS on Thursday had already dragged the Sensex down by 559 points to close at 83,675, according to BSE data. Together, these two companies contributed nearly 400 points to the decline, as investors grew increasingly concerned about the impact of artificial intelligence on traditional IT business models.
Sensex: 82,855.25 −819.67 points (0.98%)
Nifty 50: 25,534.65 −272.55 points (1.06%)
At 9:57 AM, Indian markets remained under pressure, with Sensex and Nifty falling around 1 percent each. Persistent IT selling and weak sentiment continued to weigh on early trade momentum.
The IT pack ended the session bruised and battered, as heavyweights Infosys, TCS, and Tech Mahindra sank 5.8%, 5.4%, and 6%, respectively. The already weak market mood deepened into a broader technology sell-off following sharp declines in these key companies. The BSE IT index fell 5.3% in a single trading session, extending its total decline over the past month to 12.3%. TCS also slipped below the ₹10 lakh crore market capitalisation mark for the first time since November 2020. The episode underscored that even industry giants face pressure when sentiment turns negative and uncertainty clouds the sector’s outlook.
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
Always bold with her opinions, she also never misses the chance to weave in expert voices, keeping things balanced and insightful. In short, Aishwarya brings a fresh, sharp, and fact-driven voice to every story she touches.
Pakistan rarely stays out of the sports spotlight, whether for cricket or hockey. This time,…
Bhago Mobility has partnered with Honda Motorcycle & Scooter India and Honda Power Pack Energy…
O’ Romeo Review: Shahid Kapoor & Triptii Dimri Shine in Vishal Bhardwaj’s Intense Crime-Romance
The story revolves around a dangerous gangster/contract killer (Shahid Kapoor) who seeks to maintain his…
