Stock Market Closing Bell: Sensex crashes 1,048 pts, Nifty slides 1.30% as tech rout drags markets

Stock Market Closing Bell: Indian equity benchmarks ended Friday’s session with steep losses, extending their decline in line with weak global cues as continued selling in technology stocks dampened investor sentiment.

At the close, the BSE Sensex settled at 82,626, down 1,048 points or 1.25 per cent, while the NIFTY 50 closed at 25,471, lower by 336.10 points or 1.30 per cent.

Market breadth remained firmly negative, with 27 of the 30 Sensex constituents ending in the red. Heavyweights such as Hindustan Unilever, Eternal, Reliance Industries, Power Grid, TCS, Tata Steel, Titan and Adani Ports weighed on the index. On the positive side, Bajaj Finance managed to close with gains, while Tech Mahindra and State Bank of India also ended marginally higher.

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The broader market mirrored the weakness seen in frontline indices. The Nifty MidCap index declined 1.58 per cent, while the Nifty SmallCap index slipped 1.66 per cent. Volatility surged, with India VIX jumping around 13 per cent, reflecting heightened investor nervousness.

Among sectors, Nifty Metal led the losses, falling over 3 per cent. The Nifty IT index, which had plunged more than 5 per cent intraday, pared some losses but still ended over 2 per cent lower, dragged by stocks such as Infosys, TCS, HCL Tech, LTIMindtree, Coforge and Wipro.