Sensex Edges Up 78 Points, Nifty Above 25,750; IT Stocks Drag Amid AI Worries
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News18•04-02-2026, 15:48
Sensex Edges Up 78 Points, Nifty Above 25,750; IT Stocks Drag Amid AI Worries
- •Indian benchmark indices, Sensex and Nifty, closed marginally higher on Wednesday, snapping a two-session winning streak.
- •The Nifty IT index slumped 6% due to a sharp selloff in information technology stocks, fueled by concerns over AI-led automation impacting traditional software firms' revenues.
- •Infosys, TCS, HCLTech, Tech Mahindra, Axis Bank, and Kotak Mahindra Bank were major drags on Sensex, while Eternal, Trent, NTPC, Power Grid, and Adani Ports led gains.
- •Broader markets outperformed, with Nifty MidCap and SmallCap indices rising 0.63% and 1.27% respectively.
- •Global markets saw US indices decline due to rotation out of tech stocks, while Asian markets were mixed; gold and silver prices rose.
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