Sensex week ahead: AI fears, new GDP series and Holi break could swing Bombay Stock Exchange stocks
Sensex fell 1.17% and Nifty 50 dropped 1.25% Friday, capping a weak February as IT stocks posted their worst monthly loss since 2008 on AI earnings fears. The Nifty IT index slumped 19.5% for the month. Trading will pause Tuesday for Holi. India’s economy grew 7.8% in the October-December quarter under a new GDP series, with the annual forecast raised to 7.6%.