India, Oct. 28 -- Indian shares fell notably in early trade on Wednesday, with Information technology stocks coming under heavy selling pressure after an AI-fueled tech rally sent U.S. stocks to a higher close on Tuesday.
The benchmark 30-share BSE Sensex dropped 500 points, or 0.7 percent, to 73,100 while the broader NSE Nifty index was down 114 points, or half a percent, at 22,635.
HCL Technologies, TCS, Tech Mahindra, Mphasis and Infosys plummeted 3-4 percent amid renewed optimism surrounding artificial intelligence in global markets as Meta Platforms Inc.'s upsized $25 billion share sale ended five times oversubscribed, Broadcom announced a $63 billion AI hardware deal, and Oracle expanded its OpenAI and Nvidia partnerships.
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