Nifty 50 Slides 1.5% as IT Stocks Lead Market Sell-Off

Mumbai, February 24, 2026 – The Nifty 50 index closed sharply lower, down 1.5%, as selling pressure intensified across technology counters. The index slipped to 25,277, while the Sensex dropped nearly 1,200 points to 82,095.

The downturn was led by IT majors including Infosys, TCS, and Wipro, which saw declines of over 5% amid warnings of potential contract cancellations through 2027. This marks the fifth straight session of losses for the NSE IT index, reflecting investor concerns over global demand and sectoral headwinds.

Broader market sentiment was also impacted by weakness in global equities and rising cost pressures, with investors adopting a cautious stance ahead of key macroeconomic data releases.

Key Highlights

• Nifty 50 fell 1.5%, closing at 25,277.
• Sensex dropped nearly 1,200 points to 82,095.
• IT stocks plunged over 5%, marking five consecutive sessions of losses.
• Concerns over contract cancellations weigh on Infosys, TCS, and Wipro.
• Global market weakness and cost pressures add to investor caution.

Sources: The Hindu BusinessLine, NSE India, Trading Economics