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Equity benchmark indices Sensex and Nifty tumbled much than 1% connected Tuesday (February 24, 2026), dragged down by dense losses successful IT stocks amid concerns implicit artificial intelligence-led disruption and renewed trade-related uncertainties.
Rising planetary crude prices amid escalating U.S.-Iran tensions and sluggish planetary cues besides deed capitalist sentiment, traders said. The 30-share BSE Sensex plummeted 1,068.74 points, oregon 1.28%, to settee astatine 82,225.92. During the day, the benchmark plunged 1,359.93 points, oregon 1.63%, to deed an intraday debased of 81,934.73.
The 50-share NSE Nifty fell 288.35 points, oregon 1.12%, to adjacent astatine 25,424.65. In the intraday session, it depreciated by 385.4 points, oregon 1.49%, to deed a debased of 25,327.60.
"Domestic markets registered a crisp decline, led by important weakness successful IT stocks amid renewed planetary concerns implicit AI-driven disruption and borderline pressures for accepted work providers," Vinod Nair, Head of Research, Geojit Investments Ltd, said.
Global commercialized and tariff worries resurfaced arsenic well, with further unit arising from Mr. Trump's warnings connected commercialized deals and reports of imaginable national-security tariffs, helium added.
Tech Mahindra emerged arsenic the biggest laggard, declining by 6.6%, followed by HCL Technologies, Eternal, Infosys, Tata Consultancy Services, Larsen & Toubro, Trent, Bharti Airtel, HDFC Bank, Bharat Electronics Ltd and ICICI Bank. On the different hand, NTPC, Hindustan Unilever, Tata Steel, PowerGrid, Titan, Reliance Industries, Axis Bank, and Sun Pharmaceuticals were among the gainers.
Broader indices besides ended successful the antagonistic territory, with the BSE Smallcap Select Index falling 0.68%, portion the Midcap Select Index slipped 0.54%. Mr. Nair further said that realty stocks besides came nether strain connected expectations that prolonged accent successful the IT assemblage could measurement connected existent property request and valuations.
In Asian markets, South Korea's Kospi, Shanghai's SSE Composite Index, and Japan's Nikkei 225 benchmark ended higher, portion Hong Kong's Hang Seng closed successful reddish territory. European banal markets were trading little successful mid-session deals, with Germany's DAX, London's FTSE 100 and Paris' CAC 40 trading down up to 0.27%.
"Meanwhile, escalating US-Iran tensions, marked by embassy unit evacuations and Iran's warnings of wider determination escalation, intensified hazard aversion. Overall, markets stay highly delicate to geopolitical risks and sector-specific pressures, driving investors toward defensive, domestically focused segments," Mr. Nair said.
The U.S. equity marketplace ended astir 2% little connected Monday (February 23). Brent Crude, the planetary lipid benchmark, roseate 0.22% to $71.66 per barrel.
Foreign Institutional Investors (FIIs) bought equities worthy ₹3,483.70 crore connected Monday (February 23), portion home organization investors were nett sellers of stocks worthy ₹1,292.24 crore, according to speech data. On Monday (February 23), the 30-share BSE Sensex climbed 479.95 points to settee astatine 83,294.66, portion the NSE Nifty precocious 141.75 points to adjacent astatine 25,713.
