2 months ago
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Equity benchmark indices Sensex and Nifty slumped astir 1% successful aboriginal commercialized connected Tuesday (February 24, 2026), dragged down by a crisp selloff successful IT stocks amid rising fears of AI-led disruption.
Besides, rising crude lipid prices and renewed concerns implicit planetary commercialized aft U.S. President Donald Trump’s latest tariff remarks besides weighed connected investors’ sentiment, traders said.
The 30-share BSE Sensex tanked 813.13 points, oregon 0.97%, to 82,481.53 successful aboriginal deals.
The 50-share NSE Nifty declined 230.15 points, oregon 0.89% to 25,482.85.
Eternal dropped the astir from the Sensex pack, declining 3.82%, followed by HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services, Bharti Airtel, Bajaj Finance, Bharat Electronics Ltd, Trent, Adani Ports, ITC, and Titan.
On the different hand, State Bank of India, Axis Bank, PowerGrid, Asian Paints, Kotak Mahindra Bank, and Tata Steel were among the gainers.
“The inclination of weakness successful tech stocks stemming from the imaginable AI interaction continues. The weakness successful the ADRs of Indian IT companies indicates that this conception volition proceed to stay nether pressure,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.
He further stated that Mr. Trump’s State of the Union code aboriginal successful the time and the connection that helium would convey volition beryllium keenly watched by markets globally.
“The EU freezing the woody with U.S. successful the airy of the tariff changes pursuing the Supreme Court verdict and Trump’s warnings to countries backing distant from deals bespeak that the tariff play has much successful store for economies and markets. We volition person to hold and ticker however this play plays out,” Mr. Vijayakumar said.
In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite Index and Japan’s Nikkei 225 benchmark were trading higher, portion Hong Kong’s Hang Seng quoting successful the red.
The U.S. equities marketplace ended astir 2% little successful overnight deals connected Monday (February 23).
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.
Brent Crude, the planetary lipid benchmark, roseate 1% to $72.13 per barrel.
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.
