Sensex Closes at Over 3-Week Low

2026-02-24 11:33 By Luisa Carvalho 1 min. read

India's BSE Sensex finished about 1.2% down at 82,320 on Tuesday, the lowest since early February, halting two straight sessions of gains.

Losses were broad-based, led by IT stocks amid lingering global concerns over AI-driven disruption.

US-based AI firm Anthropic recently launched powerful tools automating coding, documentation, and data, services traditionally handled by Indian IT firms.

Autos and banks also faced pressure amid renewed uncertainty around US tariff policy alongside geopolitical risks.

In the meantime, foreign investors have been returning to Indian equities over the past few weeks, but they are favoring sectors linked to domestic growth.

Among top losers, Tech Mahindra fell 6.3% and HCL Technologies dropped 5.8%, while Infosys and TCS slipped 3.6% and 3.5%, respectively.

HDFC Bank (-1.3%), ICICI Bank (-1%), and Axis Bank (-0.2%) all declined.

On the upside, NTPC rose 2.1% and Hindustan Unilever 0.9%, indicating rotation into defensives and select cyclicals.



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