Global Weakness, Monthly Expiry Hit Markets: Nifty Dips 300 Pts, IT Stocks Plunge

M
Moneycontrol•24-02-2026, 15:16
Global Weakness, Monthly Expiry Hit Markets: Nifty Dips 300 Pts, IT Stocks Plunge
- •Global market weakness and monthly expiry led to a significant market downturn, with Nifty falling over 300 points to 25400.
- •IT stocks, including Infosys and HCL Tech, plunged over 5% due to AI and Anthropic concerns, marking the fifth consecutive day of selling.
- •Realty, Chemical, Defense, and Capital Market indices also saw declines, while selected pharma stocks showed slight buying.
- •Bharti Airtel shares dropped 3% after its INR 20,000 crore investment plan in Bharti Money was poorly received by the market.
- •Market sentiment is severely negative; Nifty's 25,200-25,250 is now a critical support level, with recovery above 25,600 needed.
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