Benchmark domestic equity indices, the Sensex and the Nifty, plunged around 1.2 per cent today as IT stocks extended their rout amid persistent concerns over artificial intelligence-led disruptions. The Sensex tanked 1 thousand and 69 points to close at 82 thousand 226, while the Nifty slipped 288 points to settle at 25 thousand 425. Earlier, the markets opened under selling pressure, tracking sharp declines in the US markets. The sell-off intensified in the afternoon trade, led by a fall in technology shares and volatility amid the monthly expiry of Futures and Options contracts of Nifty.
In the Sensex pack, 22 out of 30 companies registered a downward move. Among the top laggards, Tech Mahindra sank 6.6 per cent, HCL Tech slipped 6.1 per cent, and Eternal dropped nearly 5.3 per cent. Among the top performers, NTPC surged over 1.9 per cent, HUL gained 0.9 per cent, and Tata Steel rose over half a per cent.
Among the sectoral indices at BSE, 12 out of 24 sectors logged losses except Consumer Durables, which remained unchanged. The technology pack was the epicentre of the massive fall, with the focused IT tumbling 4.8 per cent and IT declining over four and a half per cent, emerging as the worst-performing sectoral gauge. Meanwhile, Realty dropped 2.6 per cent. Among the top gainers, Power jumped over one per cent, Metal rose one per cent, and Utilities climbed 0.9 per cent.
The overall market breadth at the BSE was negative, as shares of 2 thousand and 802 companies declined, 1 thousand and 422 advanced, and 143 remained unchanged.
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