New Delhi, Feb. 13 -- The sell-off in the Indian stock market further intensified in Friday's session as tech stocks faced another round of selling. Mounting concerns that advanced AI tools could disrupt core areas of the technology and software business, along with fading hopes of a near-term US rate cut, led key indices to close with losses of over 1%.

The Nifty 50 sank 1.28% to the 25,478 level, while the S&P BSE Sensex dived 1.26% to 82,621 points. The broader markets closed with even bigger losses, as the Nifty Midcap 100 index and the Nifty Smallcap 100 fell over 1.8%.

There was widespread selling across technology stocks, with four of the 10 constituents of the Nifty IT index - Infosys, Oracle Financial Services, TCS, and Wipro -...