Stock Market Today Highlights: Indian stock markets benchmarks Nifty 50 and Sensex declined over 1% on Friday, February 27 as US-Iran talks end without a deal, making the investors more cautious. Moreover, investors also awaited the December quarter GDP data due later today. With no major domestic catalysts in play, markets appear set to remain in a consolidation phase.
Sensex ended 961.42 points lower or 1.17% at 81,287.19 while Nifty 50 declined 317.90 points or 1.25% to settle at 25,178.65
In intra-day deals, Sensex crash as much as 1089.46 points or 1.32% to day’s low of 81,159.15 while the broader Nifty 50 shed 355.25 points or 1.4% to 25,141.30.
Just in today’s deals, investors lost nearly ₹5 lakh crore as the overall market capitalisation of BSE-listed firms dropped to around ₹463 lakh crore from ₹468.5 lakh crore in the previous session. Mid-cap and small-cap indices also lost over a percent each.
Moreover, a fall in banking and financial services stocks also added to the decline. Nifty Bank and Nifty Fin Services indices were down over 1%. Moreover, Auto, Metal and FMCG sectors also shed between 1-2% each, contibuting to the downtrend.
However, Information Technology (IT) stocks traded high of Friday, February 27 despite weak trends in the Indian stock market today.
The Nifty IT index added around 0.2%. The sector has been under pressure through February, declining around 20% so far amid concerns that artificial intelligence-led disruption could impact traditional business models. The recent slide in global technology shares is likely to weigh further on sentiment.
Vinod Nair, Head of Research, Geojit Investments noted Indian markets continued to consolidate amid weak global cues and rising geopolitical risks, with investor sentiment turning increasingly cautious.
“The lack of progress in US–Iran nuclear talks has intensified concerns of further escalation of Middle East tensions, while persistent AI‑related uncertainty is also supporting safe‑haven flows. Domestically, a risk‑off tone prevails as the earnings season winds down and global macro factors take precedence. Although IT stocks are witnessing selective low‑level buying after recent corrections, the broader trend remains subdued. With FIIs staying cautious and volatility likely to resurface, markets may continue to trade within a narrow range. India’s Q3 GDP prints due later today, expected to reflect underlying resilience, could offer some support at the margin.”