Markets Fall Amid AI-Led Tech Sell-Off

Benchmark Indian market indices fell about 1% on Friday as concerns over AI-driven disruption triggered a sharp sell-off in technology stocks. India VIX rose 15% to 13.50, foreign portfolio investors net sold Rs 7,395 crore while DIIs bought Rs 5,554 crore, the rupee settled 5 paise lower at 90.66, and the index slipped below its 20-day moving average.