Buy or sell stocks, Feb. 14 -- Following the weak global cues, the Indian stock market extended losses for the second consecutive session on Friday, closing decisively lower amid a deepening selloff led by the IT sector. The Nifty 50 ended at 25,471, down 336 points or 1.30%, while the Sensex plunged over 1,000 points, eroding substantial market capitalisation in a broad-based risk-off move. In this stock market crash on Friday, the market capitalisation of the BSE-listed stocks plunged from Rs.472 lakh crore to around Rs.465.50 lakh crore, logging an intraday loss of around Rs.6.50 lakh crore.

Sumeet Bagadia, Executive Director at Choice Broking, believes the Indian stock market is reflecting a cautious, defensive sentiment, as the Nift...