Indices take a tumble: Sensex, Nifty slide over 1% amid AI-driven IT sell-off

Benchmark equity indices BSE Sensex and NSE Nifty tumbled more than 1 per cent on Friday due to a broad-based selloff, especially in metal, IT and commodity stocks, tracking sluggish global markets.

A weaker-than-expected earnings season and emerging pressure on technology stocks amid concerns about AI-led disruption also dampened sentiment, traders said.

In a volatile session, the 30-share Sensex tumbled 1048.16 points, or 1.25 per cent, to close at 82626.76. During the day, the benchmark tanked 1140.37 points, or 1.36 per cent, to hit an intraday low of 82534.55. A total of 2,960 stocks declined, while 1,253 advanced and 151 remained unchanged on the BSE.