Sensex Drops Over 1,000 Points as IT Stocks and Trade Concerns Weigh on Markets

Indian stock markets experienced a sharp decline on February 24, 2026, with the Sensex falling over 1,000 points and the Nifty slipping below 25,500. The selloff was driven primarily by heavy losses in IT stocks amid concerns over artificial intelligence-led disruption and renewed US trade tariff uncertainties. Rising crude oil prices and escalating US-Iran geopolitical tensions also weighed on investor sentiment. While IT and telecom sectors led the decline, some banking, metal, and PSU stocks provided limited support. Market capitalization dropped by several lakh crore rupees, reflecting broad-based selling pressure across sectors.