Indian stock markets opened sharply lower on Friday. The Sensex and Nifty saw significant drops. This decline was driven by a major selloff in IT stocks. Investor sentiment was rattled by fears of Artificial Intelligence disruption. Major IT companies experienced substantial losses. This led to a significant erosion of investor wealth on the BSE. The Nifty IT index slumped considerably.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets