Indian markets opened sharply lower on Friday, tracking a heavy sell-off on Wall Street amid renewed fears of AI-led disruption across global tech.
The Sensex is currently at 82,972.29, down 702.63 points or 0.84%, while the Nifty slipped over 200 points in early trade, falling below the 25,600 mark.
The GIFT Nifty had earlier indicated a gap-down start, trading nearly 150–200 points lower ahead of the open. After a weak expiry session on Thursday, domestic indices are facing yet another stress test as global risk sentiment remains fragile.
The biggest drag on the benchmarks is the IT sector. Heavyweights Infosys and TCS fell nearly 6% each at the opening bell, pulling the Nifty IT index sharply lower and weighing on broader sentiment.
With global investors reassessing tech valuations amid AI-related uncertainty, the IT pack continues to bear the brunt of selling.
Broader Market Weakness, Banks Hold Ground
Mid-cap and small-cap indices also opened in the red, reflecting widespread selling pressure across sectors. However, the Nifty Bank index showed relative resilience, managing to hold steadier compared to the broader market.
The rupee opened at 90.67 against the US dollar, slightly weaker than Thursday’s close of 90.59.
Overnight, US markets saw sharp declines, with tech-heavy indices underperforming as concerns mounted over AI-driven business model disruptions and stretched valuations.
Despite the market volatility, the Q3 earnings season remains active. Key companies in focus today include Coal India, Hindalco, IRCTC and Biocon.
Source: India Latest News, Breaking News Today, Top News Headlines | Times Now
