IT Sell-off Plunges Market: Sensex Dips 559 Points, Investors Lose ₹2.69 Lakh Crore

• Indian stock market witnessed a significant decline today, primarily driven by a sell-off in IT stocks.
• New concerns regarding AI's impact on IT companies' earnings weakened investor sentiment, causing the Nifty IT index to plunge nearly 5% to a 10-month low.
• Broader markets also faced pressure, with Nifty Midcap-100 and Nifty Smallcap 100 falling by approximately 0.5%.
• Investors' wealth decreased by approximately ₹2.69 lakh crore as the total market capitalization of BSE-listed companies dropped.
• While 13 Sensex stocks gained, led by Bajaj Finance, 17 stocks declined, with Tech Mahindra, Infosys, and TCS among the top losers.