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HomeMarket NewsStock Market Highlights: Sensex drops over 1,000 points; IT rout drags Nifty below 25,500
Sensex Today | Stock Market Highlights: Indian equity benchmarks ended at the day’s low, marking a second straight session of losses as IT and metal stocks dragged indices lower. The Nifty slipped below 25,500, while midcaps underperformed sharply. For the week, a steep sell-off in IT counters erased nearly ₹3 lakh crore in market capitalisation, weighing heavily on overall sentiment.
Sensex Today | Stock Market Highlights: Equity benchmarks ended sharply lower for a second straight session, dragged by persistent selling in IT and metals. The Nifty slipped below 25,500, while broader markets underperformed despite selective buying in financials and defence names.
Indian equities closed at the day’s low on Friday, extending losses into a second consecutive session amid broad-based weakness. The BSE Sensex tumbled 1,048 points to settle at 82,627, while the Nifty 50 dropped 336 points to 25,471, slipping below the 25,500 mark.
Selling was pronounced across sectors, with 44 of the 50 Nifty constituents ending in the red. IT stocks remained under pressure, although the Nifty IT recovered over 4% from intraday lows. Among key laggards were Hindalco Industries, Hindustan Unilever, ONGC and Adani Enterprises.
Broader markets underperformed, with the midcap index falling over 1,000 points and the advance-decline ratio at a weak 1:4. Stock-specific action persisted, with Engineers India surging on earnings, while Alkem Laboratories and PI Industries declined after results.
Market This Week
For the week, benchmarks ended largely in the red, with both the Sensex and Nifty slipping nearly 1%. A sharp 8% slide in the IT index — its steepest weekly fall in a year — weighed heavily on sentiment, erasing nearly ₹3 lakh crore in market capitalisation.
Five of the top six Nifty losers were IT heavyweights including Infosys, HCL Technologies, Tata Consultancy Services, Wipro and Tech Mahindra.
