Markets slump nearly 1% on IT rout; Trump tariff worries hit investor sentiment
The Hindu
Equity markets dip nearly 1% as IT stocks plummet amid Trump tariff concerns and rising crude oil prices.
Equity benchmark indices Sensex and Nifty slumped nearly 1% in early trade on Tuesday (February 24, 2026), dragged down by a sharp selloff in IT stocks amid rising fears of AI-led disruption.
Besides, rising crude oil prices and renewed concerns over global trade after U.S. President Donald Trump’s latest tariff remarks also weighed on investors’ sentiment, traders said.
The 30-share BSE Sensex tanked 813.13 points, or 0.97%, to 82,481.53 in early deals.
The 50-share NSE Nifty declined 230.15 points, or 0.89% to 25,482.85.
Eternal dropped the most from the Sensex pack, declining 3.82%, followed by HCL Technologies, Infosys, Tech Mahindra, Tata Consultancy Services, Bharti Airtel, Bajaj Finance, Bharat Electronics Ltd, Trent, Adani Ports, ITC, and Titan.
On the other hand, State Bank of India, Axis Bank, PowerGrid, Asian Paints, Kotak Mahindra Bank, and Tata Steel were among the gainers.
L&T confirms 95% of its West Asia project sites are safe, while addressing logistics challenges amid ongoing regional conflicts.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Mines Ministry to auction 19 critical mineral blocks on March 23, expanding strategic resources for clean energy and technology sectors.
Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
HDFC Bank terminates three senior officials over client onboarding issues at its DIFC branch amid ethical concerns following chairman's resignation.
Air India CEO warns of potential flight cuts and reduced travel demand due to rising fuel costs amid ongoing Gulf conflict.
Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
India achieves 1 billion tonne coal production for the second consecutive year, ensuring stable energy supply and economic growth.
Generic drugmakers in India launch affordable Semaglutide versions, targeting a $1 billion diabetes and weight loss market.
Indian and Asian refiners eye Iranian oil purchases as U.S. waives sanctions amid energy crisis linked to the Iran-Israel war.
Iran war impacts pesticide prices, warning of a 20-25% rise and increased risk of counterfeit products during the kharif season.
India's forex reserves fell by $7 billion to $709.76 billion, according to RBI data for the week ending March 13.
Natco Pharma will launch its Semaglutide injection (multi dose vials) in the domestic market on Saturday.