Indian Markets Decline on IT Selloff
Analysis based on 6 articles · First reported Feb 24, 2026 · Last updated Feb 25, 2026
Indian equity benchmark indices S&P BSE Sensex and NIFTY 50 slumped significantly due to a sharp selloff in IT stocks, driven by fears of AI-led disruption and margin pressures. Additionally, renewed global trade concerns stemming from Donald Trump's tariff remarks and escalating US-Iran tensions, which pushed Brent Crude prices higher, further weighed on investor sentiment, leading to broad market declines.
On February 24, 2026, Indian equity benchmark indices S&P BSE Sensex and NIFTY 50 experienced a significant decline, plummeting over 1%. This market downturn was primarily driven by a sharp selloff in Information Technology stocks, fueled by rising fears of AI-led disruption and margin pressures for traditional service providers. Adding to the negative sentiment were renewed concerns over global trade, following remarks by US President Donald Trump regarding tariffs and trade deals, including the European Union freezing a deal with the United States. Furthermore, escalating geopolitical tensions between the United States and Iran, marked by embassy staff evacuations and warnings of wider regional escalation, contributed to increased risk aversion and pushed Brent Crude oil prices higher. While most IT stocks like HCLTech, Infosys, Mahindra & Mahindra, and Tata Consultancy Services saw significant declines, some entities like State Bank of India, Axis Bank, and Tata Steel managed to post gains.
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