MUMBAI: The Indian equity markets posted notable losses early on Friday as IT stocks plummeted for the second consecutive session tracking weakness in US tech stocks over AI fears.
As of 9.25 am, Sensex lost 672 points, or 0.80 per cent, to reach 83, 002, and Nifty lost 207 points, or 0.80 per cent, at 25, 600.
Main broad-cap indices posted stronger losses than benchmark indices, as the Nifty Midcap 100 declined 1.38 per cent, and the Nifty Smallcap 100 dipped 1.62 per cent.
All sectoral indices traded in the red. Most notable loser was Nifty IT, down 4.43 per cent. Realty was down 2.70 per cent and media down 1.26 per cent.