Indian Stock Markets Fall Nearly 1% Amid IT Weakness and Global Concerns
Indian stock markets closed sharply lower as IT stocks declined due to AI concerns, rising crude oil prices, and global trade uncertainties. Sensex and Nifty dropped nearly 1% in today’s trading session.
Prasanth Subramani
Indian stock markets ended lower in today’s session, with benchmark indices Sensex and Nifty falling nearly 1 percent during early trade, as weakness in technology stocks continued amid concerns over the growing impact of artificial intelligence on the sector.
Investors continued to sell IT stocks amid fears that increasing AI-related disruptions could affect future growth prospects. Market sentiment was also weighed down by rising crude oil prices and global trade uncertainties following recent tariff-related remarks by former US President Donald Trump, according to market analysts.
During early trading, the Sensex fell by 813.13 points to 82,481.53. By the end of the session, the 30-share Sensex dropped 1,068.74 points to close at 82,225.92, while the 50-share Nifty declined 288.35 points to settle at 25,424.65.
Among Sensex stocks, Eternal saw the sharpest fall of 3.82 percent, followed by HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services, Bharti Airtel, Bajaj Finance, Bharat Electronics, Trent, Adani Ports, ITC, and Titan. On the positive side, State Bank of India, Axis Bank, Power Grid, Asian Paints, Kotak Mahindra Bank, and Tata Steel posted gains.
In the Nifty pack, Tech Mahindra, Eternal, Infosys, TCS, and HCL Technologies declined, while HUL, Hindalco Industries, Coal India, NTPC, and JSW Steel advanced. Sector-wise, the IT index dropped around 4 percent, and the real estate index fell over 2 percent. However, metals, pharma, PSU banks, oil & gas, and energy stocks rose between 0.3 and 1 percent.
Global developments also influenced the markets. Following warnings by Donald Trump regarding trade agreements and tariffs, the European Union reportedly paused its agreement with the US. Data showed that foreign institutional investors purchased shares worth ₹3,483.70 crore on Monday, while domestic institutional investors sold shares worth ₹1,292.24 crore.
In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite, and Japan’s Nikkei 225 gained, while Hong Kong’s Hang Seng declined. US markets closed nearly 2 percent lower in the previous session. Meanwhile, global Brent crude oil prices rose about 1 percent to $72.13 per barrel.
