Business
Sensex And Nifty Feel The Heat , Fears Of AI Disruption , Rising Global Crude Prices, US- Iran Tensions Hit Investor Sentiment
Rising global crude prices amid escalating US-Iran tensions and sluggish global cues also hit investor sentiment, traders said.
Equity benchmark indices Sensex and Nifty slumped nearly 1 per cent in early trade , dragged down by a sharp selloff in IT stocks amid rising fears of AI-led disruption.
Rising global crude prices amid escalating US-Iran tensions and sluggish global cues also hit investor sentiment, traders said.
The 30-share BSE Sensex plummeted 1,068.74 points, or 1.28 per cent, to settle at 82,225.92.
During the day, the benchmark plunged 1,359.93 points, or 1.63 per cent, to hit an intraday low of 81,934.73.
The 50-share NSE Nifty fell 288.35 points, or 1.12 per cent, to close at 25,424.65.
n the intraday session, it depreciated by 385.4 points, or 1.49 per cent, to hit a low of 25,327.60.
Global trade and tariff worries resurfaced as well, with additional pressure arising from Trump’s warnings on trade deals and reports of possible national-security tariffs, he added.
Tech Mahindra emerged as the biggest laggard, declining by 6.6 per cent, followed by HCL Technologies, Eternal, Infosys, Tata Consultancy Services, Larsen & Toubro, Trent, Bharti Airtel, HDFC Bank, Bharat Electronics Ltd and ICICI Bank.