stock market news today

What Happened

On February 13, the Indian stock market experienced significant losses for the second consecutive session, with the Nifty 50 closing at 25,471, down 336 points or 1.30%. The Sensex plunged over 1,000 points, resulting in a substantial decrease in market capitalization, which fell from ₹472 lakh crore to approximately ₹465.50 lakh crore, erasing around ₹6.50 lakh crore in value. This downturn was primarily driven by a selloff in the IT sector, influenced by weak global cues and rising concerns over AI disruptions.

Why It Matters

The decline in the Indian stock market reflects a cautious sentiment among investors, particularly as the Nifty 50 index broke below the critical support level of 25,500. Analysts suggest that the market may test the 25,000 level in the near future. The selloff in IT and metals was exacerbated by fears of delayed client spending and pricing pressures due to AI-related shifts, leading to a broader risk-off move across the market.

What’s Next

Looking ahead, Sumeet Bagadia, Executive Director at Choice Broking, advises investors to adopt a stock-specific approach, focusing on stocks with strong technical patterns. He recommends considering Bajaj Finance, SBI Life, and Eicher Motors as potential buy opportunities. The market’s outlook remains uncertain, with analysts monitoring key support levels and potential shifts toward domestic-facing sectors such as banks and consumption.