Tech Rout Wipes Out ₹3 Lakh Crore; Sensex, Nifty Fall 1%, IT Index Slides 8%

• Equity benchmark indices ended largely in the red this week, with Sensex and Nifty falling nearly 1% each.
• The IT index declined 8%, marking its biggest weekly fall in a year, erasing nearly ₹3 lakh crore in market capitalisation.
• Five of the top six Nifty losers were IT names, including Infosys, HCL Technologies, TCS, Wipro, and Tech Mahindra.
• Defence and PSU bank stocks outperformed, climbing nearly 4% each, while FIIs were net sellers, offloading ₹7,395.41 crore.
• On Friday, benchmark indices closed lower for the second straight session, with Nifty slipping below 25,500.