Although the benchmark indices opened lower, they traded negatively throughout the session and ultimately closed red.
Indian equity benchmarks, Sensex and Nifty50, extended their downward spiral, fuelled by a persistent global tech rout that continued to dampen investor sentiment.
At the closing bell, the BSE Sensex closed lower by 1,048 points (down 1.25%).
Meanwhile, the NSE Nifty closed 336 points lower (down 1.3%).
Bajaj Finance, SBI among the top gainers today
HUL, Tata Steel, and TCS, on the other hand, were among the top losers today.
The GIFT Nifty was trading at 25,525, lower by 326 points at the time of writing.
The BSE MidCap index ended 3.4% higher, and the BSE SmallCap index ended 4.5% higher.
Sectoral indices are trading negatively today, with stocks in the IT sector and realty sector witnessing selling pressure.
The rupee is trading at Rs 90 against the US$.
Gold prices for the latest contract on MCX are trading 0.8% higher at Rs 154,199 per gram.
Meanwhile, silver prices were trading 3% higher at 2,45,800 per 1 kg.
Four reasons why Indian share markets are falling:
#1 IT sell-off:
The IT index fell for the third straight session, dropping about 5% amid fears that AI-driven automation could hurt the sector's labour-heavy business model, with stocks like Infosys and Tata Consultancy Services among the major losers. The index is down 11.4% this week and has declined 16.6% so far in 2026, reflecting weak investor sentiment.
#2 Weak global cues:
Asian markets including the Hang Seng Index and Nikkei 225 traded lower, tracking weakness in US markets. The Nasdaq Composite fell over 2%, while the S&P 500 and the Dow Jones Industrial Average also declined amid inflation concerns.
#3 Rise in volatility:
The India VIX jumped more than 10% to 12.86, indicating rising uncertainty and risk perception among investors. Higher volatility has led to cautious trading as markets remain under pressure.
#4 Rupee weakens:
The rupee slipped 8 paise to 90.69 against the US dollar in early trade due to a stronger American currency and weak domestic equities. A firm dollar continues to weigh on emerging market currencies, including the rupee.
Rategain Travel Technologies Q3 FY26 Results
In the news from IT sector, shares of Technocarft Industries came into focus after the company reported its Q3 FY26 results.
Revenue performance remained strong, with total revenue surging 93.7% year-on-year to Rs 5.40 bn, up from Rs 2.79 bn a year earlier, driven by solid growth in its DaaS and MarTech businesses.
EBITDA increased 42% year-on-year to Rs 0.87 bn, compared with Rs 0.62 bn in the corresponding quarter last year.
The reported net profit dropped 53.2% year-on-year to Rs 0.26 bn, compared with Rs 0.57 bn in the same quarter last year. The decline was mainly due to higher amortisation costs arising from a one-time exceptional expense linked to the acquisition of Sojern Inc.
After adjusting to the one-time exceptional expense, adjusted net profit rose 8% year-on-year to Rs 0.61 bn.
ONGC Q3 FY26 Results
Moving on to the news from oil & gas sector, shares of Oil and Natural Gas Corporation (ONGC) came into focus after the company reported its Q3 FY26 results.
Revenue from operations during the quarter remained flat year-on-year at Rs 1,670 bn.
Operationally, ONGC recorded a 0.35% increase in crude oil production during the first nine months of FY26, while natural gas output remained flat. Revenue from new well gas during the nine-month period stood at Rs 50.28 bn, generating an additional Rs 9.44 bn compared to the APM gas price.
ONGC reported a 22.6% year-on-year rise in consolidated net profit to Rs 119.46 bn in Q3FY26.
The company's board also declared a second interim dividend of Rs 6.25 per equity share, with a total payout of Rs 78.63 bn. The record date for the dividend has been fixed as 18 February 2026.
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