Benchmark stock market indices closed lower on Tuesday as IT stocks plunged over AI-driven dissuption and tariff concerns from the US.
The S&P BSE Sensex lost 1,068.74 points to close at 82,225.92, while the NSE Nifty50 was down by 288.35 points to end at 25,424.65.
Vinod Nair, Head of Research, Geojit Investments Limited, said that markets registered a sharp decline, led by significant weakness in IT stocks amid renewed global concerns over AI-driven disruption and margin pressures for traditional service providers.
“Global trade and tariff worries resurfaced as well, with additional pressure arising from Trump’s warnings on trade deals and reports of possible nationalsecurity tariffs,” he added.
After the closing bell, NTPC Ltd led the Sensex gainers, rising 1.94%. It was followed by Hindustan Unilever Ltd, which gained 0.90%. Tata Steel Ltd moved up 0.53%, while Power Grid Corporation of India Ltd added 0.49%. Titan Company Ltd also ended higher, rising 0.24%.
Tech Mahindra Ltd saw the sharpest fall, dropping 6.60%. HCL Technologies Ltd declined 5.79%, Eternal Ltd fell 5.28%, Infosys Ltd was down 3.91%, and Tata Consultancy Services Ltd slipped 3.79%, reflecting heavy selling pressure in IT stocks.
Nair said that realty stocks also came under strain on expectations that prolonged stress in the IT sector could weigh on real estate demand and valuations.
“Meanwhile, escalating U.S.–Iran tensions, marked by embassy staff evacuations and Iran’s warnings of wider regional escalation, intensified risk aversion. Overall, markets remain highly sensitive to geopolitical risks and sector-specific pressures, driving investors toward defensive, domestically focused segments,” he added.
