IT shares fall due to increasing impact of AI, Sensex-Nifty crash, investors lose Rs 7 lakh crore

Indian IT Stocks Falls: The impact of the increasing impact of AI and global uncertainty on the country’s IT sector is clearly visible. Shares of big IT companies declined for the second consecutive day, due to which there was a negative atmosphere in the entire stock market.

By market close on Friday, BSE Sensex fell 1,048 points or 1.25 percent to close at 82,627. Whereas NSE Nifty fell by 336 points to 25,471 points. This decline increased the concern of investors and there was selling pressure in the market.

Midcap and smallcap also under pressure

Not only the shares of big companies, but also midcap and smallcap shares saw a huge fall. The BSE Midcap index fell 779 points, or 1.7 per cent, to close at 45,705, while the Smallcap index fell 790 points to 49,279.

huge loss to investors

Due to this sharp fall in the market, there was a decrease of about Rs 7 lakh crore in the total wealth of investors. The sudden recession has dealt a big blow to small investors as well as big investors.

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Selling by foreign investors became the reason

The main reason for the decline in the market is believed to be heavy selling by foreign institutional investors. On Friday, foreign investors sold about Rs 7,395 crore, while domestic institutional investors tried to control the market to some extent by investing Rs 5,554 crore. Experts believe that in the coming days, the direction of the market will depend on global economic indicators and trends in the technology sector.