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Equity benchmark indices Sensex and Nifty ended sharply lower, falling more than 1 per cent, as a sell-off in IT stocks combined with global trade uncertainty and rising geopolitical tensions to weigh on investor sentiment.The NSE Nifty index fell 288.35 points, or 1.12 per cent, to close at 25,424.65 after hitting an intraday low of 25,327.60. The Bahrain Stock Exchange index fell 1,068.74 points, or 1.28 percent, to settle at 82,225.92 points, after falling by as much as 1,359.93 points during the session.Market participants said the selling halted a two-session rally, and came amid renewed concerns about disruption caused by artificial intelligence in the information technology sector, rising crude oil prices linked to escalating tensions between the United States and Iran, and continuing global trade concerns.Market breadth remained weak, as the number of shares decreased by 2,802 shares compared to an increase of 1,422 shares, while 143 shares remained unchanged. On the NSE, 32 components of the Nifty index ended in the red, while 18 stocks closed higher. However, Metals, Oil & Gas, Power & Utilities, Commodities, FMCG, Healthcare, PSU Bank and Capital Goods indices finished in the green.Here are today’s biggest gainers and losers:
Nifty50 Top Gainers:
- NTPC (1.95%)
- Indian Coal (1.17%)
- GSW Steel (1.13%)
- Hindalco (0.73%)
- Hall (0.57%)
- Tata Consumer (0.53%)
- Titan Company (0.52%)
- Tata Steel (0.48%)
- Electricity Network (0.48%)
Nifty50 biggest losers
- Tech Mahindra (-6.63%)
- HCL Tech (-6.11%)
- Eternal (-5.23%)
- Infosys (-3.92%)
- TCS (-3.84%)
- L&T (-3.60%)
- Trent (-3.05%)
- Bharti Airtel (-2.82%)
- Wipro (-2.80%)
- Quality Wall (-2.75%)
BSE Sensex top gainers
- NTPC (1.95%)
- Hall (0.57%)
- Titan Company (0.52%)
- Electricity Network (0.48%)
- Tata Steel (0.48%)
- Axis Bank (0.07%)
- Reliance Industries (0.06%)
BSE Sensex Biggest Losers
- Tech Mahindra (-6.63%)
- HCL Tech (-6.11%)
- Eternal (-5.23%)
- Infosys (-3.92%)
- TCS (-3.84%)
- L&T (-3.60%)
- Trent (-3.05%)
- Bharti Airtel (-2.82%)
- Quality Wall (-2.75%)
- HDFC Bank (-1.42%)
“Investor sentiment weakened amid renewed concerns over global trade developments and escalating geopolitical tensions, leading to a rise in crude oil prices.
Moreover, continued pressure on global technology stocks and fears of AI-led disruption led to a further decline in domestic IT stocks, amplifying the decline in benchmark indices.Technology stocks bore the brunt of the selling pressure, with Tech Mahindra emerging as the biggest laggard, falling 6.6 percent. HCL Technologies, Eternal, Infosys, Tata Consultancy Services, Larsen & Toubro, Trent, Bharti Airtel, HDFC Bank, Bharat Electronics Ltd and ICICI Bank were also among the biggest losers.On the other hand, shares of NTPC, Hindustan Unilever, Tata Steel, PowerGrid, Titan, Reliance Industries, Axis Bank and Sun Pharmaceuticals were among the gainers, providing limited support to the indices.“Domestic markets registered a sharp decline, driven by significant weakness in IT stocks amid renewed global concerns over AI-induced disruption and margin pressures for traditional service providers. Concerns over global trade and tariffs also resurfaced, with additional pressures arising from Trump’s warnings on trade deals and reports of potential national security tariffs,” said Vinod Nair, Head of Research, Geojit Investments Limited.He added that escalating tensions between the United States and Iran, including the evacuation of embassy staff and warnings of a broader regional escalation, led to increased risk aversion among investors.Broader markets also closed in negative territory, with the BSE Smallcap Select index falling 0.68 per cent and the Midcap Select index falling 0.54 per cent.“The weekly expiration of Nifty derivatives increases intra-day volatility, with markets reacting to a combination of weak global signals and sector-specific pressures… IT
“The financial sector emerged as the worst performer, declining by 4.8 per cent amid continuing concerns over AI disrupting large outsourcing companies and its impact on growth visibility,” said Siddhartha Khemka, head of research and wealth management at Motilal Oswal Financial Services Ltd.Among the sector indices, IT focused fell by 4.80 percent, followed by IT (4.53 percent), real estate (2.61 percent), communications (1.79 percent), consumer discretionary services (1.12 percent), and manufacturing (0.91 percent).Asian markets finished mostly higher, with South Korea’s Kospi, Japan’s Nikkei 225 and Shanghai’s SSE Composite Index closing in positive territory, while Hong Kong’s Hang Seng ended lower.European markets were trading weak in mid-session deals, with the German DAX index, the FTSE 100 index in London, and the CAC 40 in Paris declining by 0.27 percent.Markets remain highly sensitive to geopolitical developments and sector-specific risks, with investors increasingly turning towards defense and domes, analysts said.
