Sensex Plunges Over 800 Points, Investors Lose ₹4.62 Lakh Crore as IT Stocks Tank

New Delhi, February 13:
The Indian stock market witnessed sharp losses for the second consecutive day as selling pressure in IT stocks sent benchmarks tumbling. The BSE Sensex opened over 650 points lower, while the NSE Nifty 50 slipped nearly 200 points in early trade. By 9:35 AM, Sensex had plunged 815.28 points (0.97%) to 82,859.64, and Nifty 50 fell 257.85 points (1%) to 25,549.35. This decline erased approximately ₹4.62 lakh crore from investors’ net worth, pushing BSE’s total market capitalization down to ₹467 lakh crore.

IT Stocks Bear the Brunt

• The Nifty IT Index has fallen nearly 10% over two days, reflecting heavy selling.
• Among Sensex’s 30 stocks, 26 declined. Infosys dropped over 5% to ₹1,281.55, marking its 52-week low.
• TCS and HCL Tech shares fell over 4%, also hitting their 52-week lows.
• Other major IT stocks, including Wipro, Tech Mahindra, and Mphasis, saw losses between 4–6%.

Mixed Performance Elsewhere

Some sectors showed resilience: Bharti Airtel, Maruti Suzuki, Axis Bank, and SBI recorded marginal gains, but it wasn’t enough to offset the heavy IT-sector losses.

This comes after Thursday’s decline, when Sensex fell 559 points and Nifty 146.65 points, indicating sustained volatility in the market.