Tech rout, weak earnings pummel Indian markets

Benchmarks fall over 1% on Friday, end week lower as AI angst, Q3 results weigh

- Abhinaba Saha & Mayur Bhale rao

India’s benchmark indices tumbled on Friday as worldwide artificial intelligence angst continued to singe the stocks of software services providers. As a result, domestic markets ended lower this week, with mixed earnings commentary and profit-booking after last week’s rally adding to the tech-driven selloff.

The Nifty 50 and the BSE Sensex fell 1.3% each on Friday alone, as heavy selling in information technology (IT) heavyweights dragged the broader indices down. As a result, frontline indices slipped 0.9% over the week. The Nifty 50 now stands at 25,471.10 and the Sensex at 82,626.76.

The Nifty is down 3.25% from its all-time high on 2 January 2026, while the Sensex is 3.73% from its peak scaled on 26 September 2024.