Market Wrap: Sensex closes 1,048 points down; Nifty slips beneath 25,500 as HUL, Eternal slide 4% each

Overview The benchmark indices, Sensex and Nifty, finished more than 1% lower on Friday, marking their second consecutive session of losses. The downturn was driven by an intensified selloff in IT stocks, which unsettled investor confidence amid growing concerns over AI-driven disruption. The decline coincided with Friday the 13th traditionally regarded as an inauspicious day in Western cultures. Blue-chip stocks including

, , l, , , and Industries were among the top drags, falling as much as 4.5%. Within the IT !sector, , , , and o were key underperformers, though they recovered partially from their intraday lows. The sharp downturn ed out nearly ₹7.4 lakh crore of investor wealth, reducing the total BSE market capitalisation to approximately ₹465 lakh crore. The BSE Sensex plunged 1,048 points, or 1.25%, to settle at 82,627. Meanwhile, the Nifty 50 dropped 336 points, breaching the 25,500 mark to close at 25,471. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.