Market Slips 1%; IT Stocks Hit Hard Amid Renewed AI Fears

• Indian benchmark indices ended the week in the red, erasing previous gains due to weak global cues and IT stock selling.
• BSE Sensex declined 1.14% and Nifty50 shed 0.86% this week.
• Nifty IT index plummeted over 8%, with other sectors like Energy, Oil & Gas, and FMCG also seeing declines.
• Foreign Institutional Investors (FIIs) turned net sellers, offloading equities worth Rs 4,019.09 crore.
• Domestic Institutional Investors (DIIs) provided support with net purchases of Rs 6,883.81 crore.