Big fall in Indian stock market: Sensex fell by 400 points, IT sector fell by more than 4 percent.

Mumbai, 12 February. After three consecutive sessions of growth, the Indian stock market opened in the red on Thursday, the fourth trading day of the week. During this period, the main benchmark of the domestic market, Sensex, opened at 83,968.43 with a fall of 265.21 points from its previous close (84,233.64), while Nifty50 opened at 25,906.70, falling 47.15 points from its previous close (25,953.85).

At the time of writing (around 9.28 am), the 30-share BSE Sensex was down 405.13 points or 0.48 percent at 83,828.51, while the NSE Nifty was trading at 25,840.40, down 113.45 points or 0.44 percent. In the broader market, the Nifty Midcap index fell 0.78 per cent, while the Nifty Smallcap index declined 0.98 per cent. Sector-wise, the biggest decline was recorded in Nifty IT, which fell by more than 4 percent.

After this, a decline of 0.35 percent was recorded in Nifty Auto and a slight decline of 0.02 percent was recorded in Nifty Bank. While Nifty FMCG saw a marginal gain of 0.04 percent. Over 30 stocks on the Nifty 50 index were trading with losses, with Infosys (down 5 per cent), TCS (down 4.40 per cent), HCL Tech (down 4.40 per cent), Tech Mahindra (down 4.24 per cent), Wipro (down 3.32 per cent) and Eternal (down 2.23 per cent) were among the top losers.

Apart from this, shares of HDFC Life, Jio Financial Services, M&M, SBI Life also declined. Whereas shares of ICICI Bank, SBI, Eicher Motors, HUL, NTPC, BEL and Axis Bank were included in the list of top gainers. Akash Shah, Technical Research Analyst, Choice Broking, said that in the last trading session, Nifty50 had opened a gap-up with a gain of 80 points, but kept trading in a limited range throughout the day, which reflects consolidation in the market and uncertainty of investors.

From a technical point of view, there is selling pressure on Nifty in the range of 26,050-26,100, while near-term support is visible between 25,800-25,850. Experts said that if we talk about institutional activities, on February 11, foreign institutional investors (FIIs) continued buying for the fourth consecutive session and made net purchases of Rs 943 crore. Whereas domestic institutional investors (DIIs) appeared to be in a selling mood and sold shares worth more than Rs 125 crore.

Market experts further said that amid global uncertainties and ongoing market fluctuations, investors have been advised to adopt a disciplined and selective strategy. During a downturn, it may be better to focus on stocks with strong fundamentals. New long positions should be created only if Nifty remains firmly above 26,000, as crossing this level will indicate a steady and meaningful recovery in the market.