Sensex Drops Over 1,200 Points as IT Selloff and Global Concerns Weigh on Markets

Indian stock markets experienced a sharp decline on February 24, with the BSE Sensex falling over 1,200 points and the NSE Nifty slipping below 25,400. The selloff was driven primarily by heavy losses in IT and telecom sectors amid concerns over AI-driven disruption and global demand uncertainty. Additional factors included renewed US tariff worries following Supreme Court rulings, rising crude oil prices, geopolitical tensions, and profit booking. While IT stocks led the downturn, select banking, metal, and PSU stocks showed resilience, and foreign institutional investors provided some support later in the session.