Sensex, Nifty settle lower by over 1% amid selling in IT stocks

The Indian stock market settled lower by over 1% on Friday amid a highly volatile session. Sensex tumbled 1,048.16 points, or 1.25%, to close at 82,626.76 while Nifty plunged 336.10 points, or 1.3% to settle at 25,471.10.

Among the sectors, all the indices ended into the negative territory. Nifty Metal was down 3.31%, Realty was down 2.23%, FMCG down by 1.90%, Oil and Gas down by 1.88%, IT down by 1.44%, Consumer Durables down by 1.29%, and Private Bank down by 1.02%. Further, Nifty Bank and Financial Services indices declined by 0.91% each.

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On Nifty50, only five stocks ended in the green namely Bajaj Finance up by 3.09%, Eicher Motors up by 1.56%), SBI Life Insurance Company up by 0.84%, SBI up by 0.33%, and Cipla up by 0.13%.

The top losers in the index were Hindalco Industries (6.08%), Hindustan Unilever (4.34%), Eternal (4.30%), Adani Enterprises (3.83%), and ONGC (3.20%).
The advance-decline ratio remained in favour of decliners as over 1,300 stocks advanced while over 2,800 declined on the BSE.

Nearly 83 stocks hit their 52-week highs while 193 stocks hit their 52-week lows in intraday trade on the BSE.

Those on the highs were Eicher Motors, Bharat Forge, Max Financial Services, Sansera Engineering, Sharda Cropchem, and Avanti Feeds. On the lows were TCS, Infosys, Wipro, OFSS, Info Edge (India), L&T Technology Services, Procter & Gamble Hygiene and Health Care, Abbott India, and IREDA.

The IT index has declined 11.4 percent this week and is down 16.6 percent so far in 2026, exceeding the 12.6 percent fall recorded in the whole of last year. Real estate firms also declined in line with weakness in IT stocks.