The Economic Times

Rs 3 lakh crore selloff! Sensex tumbles over 500 pts, Nifty below 25,850. What spooked the Indian stock market today?

Indian benchmark indices fell sharply as stronger U.S. jobs data dampened hopes of near-term Fed rate cuts, triggering a risk-off mood. The Nifty IT index plunged nearly 4%, wiping out Rs 1.3 lakh crore in market value after Anthropics new AI tool stoked fears of deeper disruption across Indias tech sector.