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IT Meltdown Sinks Market; Sensex Cracks 1,048 Points, Nifty Slips Below 25,500

IT Meltdown Sinks Market; Sensex Cracks 1,048 Points, Nifty Slips Below 25,500

Indian equity markets witnessed a sharp sell-off in Friday’s session, led by heavy weakness in information technology counters. The benchmark BSE Sensex plunged 1,048 points, while the Nifty 50 slipped below the crucial 25,500 mark, reflecting broad-based risk aversion across Dalal Street.

IT Stocks Under Pressure

The downturn was primarily driven by a steep correction in frontline IT names amid global uncertainty and concerns over demand outlook. Heavyweights across the technology pack faced sustained selling pressure, dragging benchmark indices sharply lower.

Market participants cited weak global cues, cautious commentary around tech spending, and valuation concerns as key triggers behind the IT rout.

Broader Market Impact

The sell-off was not limited to IT alone. Banking, financials, and select auto stocks also traded in the red, amplifying the decline. Market breadth remained weak, with a majority of stocks closing lower on both exchanges.

Volatility spiked during the latter half of the session as investors trimmed positions ahead of global macro developments and upcoming policy signals.

Investor Sentiment

Analysts believe the breach of the 25,500 level on the Nifty could trigger further technical weakness in the near term if buying support does not emerge quickly. However, long-term investors may view corrections as selective accumulation opportunities in fundamentally strong counters.

For now, sentiment remains cautious as traders assess global cues and sector-specific headwinds impacting the IT space.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.