Stock Market Live Update: Market fell due to further selling in IT, how was the market trend yesterday
Indian equity markets closed lower on February 12, with the Nifty at 25,750, snapping a four-day losing streak amid fresh concerns over the impact of artificial intelligence on IT stocks.
At close, the Sensex was down 558.72 points or 0.66 per cent at 83,674.92, and the Nifty was down 146.65 points or 0.57 per cent at 25,807.20.
The major indices performed in line with the benchmarks, with Nifty Midcap and Nifty Smallcap indices falling 0.5 per cent each.
Bajaj Finance, Shriram Finance, Eicher Motors, ICICI Bank, Trent were among the big gainers on Nifty, while Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro were the losers.
Among sectors, except Consumer Durables (up 0.4%), all other indices closed in the red, IT index fell 5% and Oil & Gas, Media, Realty declined 1% each.