📉 Markets Under Pressure: Sensex Slides 800 Points, IT Stocks Crash

As on 12 May 2026 till 12 PM, Indian markets witnessed sharp selling pressure with BSE SENSEX falling over 800 points and NIFTY 50 trading near the 23,600 mark, slipping below its one-month low. Rising US-Iran tensions, surge in crude oil prices, weak rupee, and persistent FII selling are among the major reasons behind today’s market decline. Meanwhile, NIFTY IT plunged 3.9%, hitting near a three-year low amid weak earnings outlook and demand concerns. Major IT stocks including Persistent Systems,

, and Tata Consultancy Services emerged among the top losers. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.