Sensex-Nifty Plunge: IT Stocks Lead Decline, Investors Lose Rs 7 Lakh Crore

• Indian benchmark indices Sensex and Nifty continued their decline for the second consecutive session, with IT stocks facing heavy selling pressure.
• The Nifty IT index fell 9% this week, marking its biggest weekly decline since April 2025, driven by AI impact concerns.
• Sensex closed down 1,048.16 points (1.25%) at 82,626.76, and Nifty fell 336.10 points (1.30%) to 25,471.10.
• Small and mid-cap shares also saw significant selling, with Nifty Midcap and Smallcap indices falling approximately 2%.
• Investors lost approximately Rs 7 lakh crore in a single session, as total market capitalization of BSE-listed companies decreased to Rs 465 lakh crore.