Heavy sell-off in IT counters; Sensex ends up 79 points

Market Performance - The BSE Sensex ended 78.56 points or 0.09% higher at 83,817.69, with a high of 83,947.53 and a low of 83,119.95, showing a fluctuation of 827.58 points [3][4] - The NSE Nifty increased by 48.45 points or 0.19% to settle at 25,776 [3][6] Sector Performance - Major gainers included Eternal, Trent, NTPC, Adani Ports, Power Grid, and Maruti, while Infosys, Tata Consultancy Services, HCL Tech, and Tech Mahindra were the biggest laggards, declining by as much as 7% [4][6] - The BSE IT index fell by 5.49% to close at 35,109.51, driven by selling pressure in IT stocks due to global technology share weakness [4][11] Investor Activity - Foreign institutional investors purchased equities worth ₹5,236.28 crore, while domestic institutional investors bought stocks worth ₹1,014.24 crore [7] Economic Context - The previous trading session saw the Sensex rise by 2,072.67 points or 2.54%, and the Nifty increase by 639.15 points or 2.55% [9] - A trade deal framework between India and the US was announced, reducing tariffs on Indian goods to 18% from 50%, effective August 27, 2025 [9][10] Sentiment and Concerns - The introduction of AI-driven automation tools by Anthropic has raised concerns about the impact on traditional software business models and industry profitability [5][11] - Overall market sentiment remained cautious due to rising US-Iran tensions and the volatility in domestic equities [10]