Sensex Dips 550 Pts, Nifty Near 25,800: IT Sell-off Drags Market Down

• Sensex fell 558.72 points (0.66%) to 83,674.92; Nifty dropped 146.65 points (0.57%) to 25,807.20.
• Heavy selling in IT shares like Tech Mahindra, Infosys, Wipro led the decline, falling up to 5%.
• US jobs data lowered expectations for early Fed rate cuts, impacting IT stocks and global cues.
• Concerns over AI-led disruptions and their impact on IT firms' earnings also weighed on sentiment.
• Rising crude oil prices (Brent at USD 69.72) and weak global markets contributed to the downturn.