IT Sector Sell-Off Triggers Stock Market Mayhem: Sensex, Nifty Plunge Over 1%
New Delhi, 13 February (H.S.): Domestic bourses succumbed to sharp declines on Friday, the week''s final trading session, hammered by adverse global cues, relentless IT sector offloading, and rupee depreciation—capping three straight days of losses
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New Delhi, 13 February (H.S.): Domestic bourses succumbed to sharp declines on Friday, the week's final trading session, hammered by adverse global cues, relentless IT sector offloading, and rupee depreciation—capping three straight days of losses amid broad-based selling pressure.

Benchmark indices opened weakly, briefly buoyed by buying before sellers dominated; Sensex shed 1,048.16 points (1.25%) to close at 82,626.76 after intraday low of 82,534.55, having opened at 82,902.73 and peaked at 83,079.70, while Nifty 50 tumbled 336.10 points (1.30%) to 25,471.10 from opening 25,571.15 and high of 25,630.35, bottoming at 25,444.30.

All sectoral indices bled red, led by IT alongside metals and FMCG; public sector enterprises, tech, oil & gas, healthcare, consumer durables, capital goods, automobiles, energy, realty, infrastructure, telecom, and banking closed lower, with BSE midcap down 1.71% and smallcap 1.79%; BSE-listed firms' market cap shrank to ₹465.37 lakh crore (provisional) from Thursday's ₹472.48 lakh crore, erasing ₹7.11 lakh crore in investor wealth.

Trading saw BSE's 4,364 active shares with 1,318 advances, 2,882 declines, 164 unchanged; NSE's 2,909 stocks featured 637 gainers, 2,272 losers; Sensex's 30 stocks had 2 up, 28 down, Nifty 50's 6 green, 44 red; top gainers: Bajaj Finance (2.57%), Ashok Leyland (1.54%), SBI Life (0.60%), SBI (0.52%), Cipla (0.11%); top losers: Hindalco (5.74%), HUL (4.34%), Eternal (4.30%), Adani Enterprises (3.40%), ONGC (3.24%) .

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Hindusthan Samachar / Jun Sarkar


 rajesh pande