Nifty's Four-Day Rally Ends: IT Sector Plunges, Experts Eye Rebound

Business
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Moneycontrol•12-02-2026, 20:55
Nifty's Four-Day Rally Ends: IT Sector Plunges, Experts Eye Rebound
- •Nifty 50 broke its four-day winning streak, closing down 146 points at 25,807.
- •Market remained range-bound between 25,750 and 25,850, indicating investor caution.
- •IT sector plunged 5.5%, reaching a 10-month low amid global sell-off and AI concerns.
- •Bajaj Finance, Shriram Finance, Eicher Motors gained; Tech Mahindra, Infosys, TCS were top losers.
- •Experts suggest Nifty's near-term trend is still positive with strong support at 25,600 and 25,750.
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