The Indian share market faced a massive sell-off on Friday, February 28, mirroring global trends after US President Donald Trump announced fresh tariffs on Canada, Mexico, and China. The move triggered concerns over inflation and economic instability, leading to a sharp decline in Indian equities
Market Commentary by Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd.
The domestic benchmark index, Nifty, commenced the day with a downward gap due to weak global cues, faced heavy selling pressure, and settled negatively at 22,125. The volatility index, India VIX, surged by 4.39% to 13.89, indicating heightened market volatility. Moreover, the broader market underperformed Nifty, with the Nifty Midcap 100 and Nifty Smallcap 100 indices losing around 2.49% and 3.01%, respectively.
Technically, Nifty breached the 22,500 support with a gap-down opening and formed a bearish Marubozu candle, indicating weakness. As long as Nifty remains below 22,500, the bearish momentum is likely to persist, with 22,000 acting as immediate support, followed by 21,850 where the 100-Weekly Simple Moving Average (100-WSMA) is placed. Thus, traders are advised to follow the sell on rise strategy.
Bank Nifty opened negatively, saw selling pressure, and settled lower at 48,345. Technically, the index formed a red candle on the daily chart, reflecting weakness. On the downside, Bank Nifty will find strong support around 47,840, while on the upside 49,000 will remain a challenging barrier for the index. Traders should closely watch these levels for potential trading opportunities.
Share Market Live Updates 28 February 2025
Sensex, Nifty, Share Prices LIVE:Benchmark indices Sensex and Nifty, which opened on a weak note on Friday, slumped to hold losses of over 1 per cent each at mid-session. At 12:14 pm, Sensex was at 73,573.96, down 1038.47 points or 1.39 per cent lower. Nifty was at 22,225.00, down 320.05 points or 1.42 per cent lower. The majority of stocks on the Sensex were in the red, led by IndusInd Bank (down 5.62 per cent), Tech Mahindra (5.37 per cent), Jio Finance (4.92 per cent), Wipro (4.51 per cent) and Titan (4.32 per cent lower). Coal India (up 2.18 per cent), HDFC Bank (1.18 per cent) and Axis Bank (0.89 per cent) were the only stocks in the green. Nifty IT index tanks 4.14%. Top losers include: Mphasis (-5.87%), Tech Mahindra (-5.81%), Persistent Systems (-5.28%), Wipro (-5.09%), Infosys (-3.87%)
Share Market Highlights 27 February 2025
Indian equity indices ended flat on Thursday. The Sensex rose 10.31 points to 74,612.43, while the Nifty dipped 2.50 points to 22,545.05. Shriram Finance, Bajaj Finserv, and Bajaj Finance led the gainers, while UltraTech Cement and Trent lagged. Most sectoral indices fell, except bank and metal. The BSE Midcap lost 1%, and the Smallcap index dropped 2%.
Share Market Highlights 26 February 2025
Indian stock markets, represented by the benchmark indices Nifty50 and Sensex, was closed on Wednesday, February 26, 2025, in observance of Maha Shivratri. Maha Shivratri is an annual Hindu festival dedicated to the deity Shiva, celebrated between February and March. According to the Hindu calendar, the festival falls on the fourteenth day of the first half of the lunar month of Phalguna.
Share Market Highlights 25 February 2025
Sensex, Nifty updates on 25 February 2025: Benchmark indices closed flat with a slight positive bias on Tuesday. The Sensex settled at 74,602.12, rising 147.71 points or 0.20%, while the Nifty 50 edged down 5.80 points or 0.03% to 22,547.55. Top gainers on the Nifty 50 included Bharti Airtel (+2.32%), M&M (+2.13%), Bajaj Finance (+1.4%), Nestle India (+1.36%), and Titan (+0.87%). The biggest losers were Dr. Reddy’s (-3.10%), Hindalco (-3.01%), Trent (-2.41%), Hero MotoCorp (-1.72%), and Sun Pharma (-1.70%). On the BSE, of the 4,061 stocks traded, 1,668 advanced, 2,263 declined, and 131 remained unchanged. A total of 49 stocks hit 52-week highs, while 234 touched 52-week lows. Meanwhile, 189 stocks hit the upper circuit, and 238 stocks reached the lower circuit.
Share Market Highlights 24 February 2025
Sensex, Nifty updates on 24 February 2025: Equity benchmark indices Sensex and Nifty closed in deep red on Monday, tracking extremely weak US market trends, incessant foreign fund outflows and concerns over US tariffs. The 30-share BSE benchmark Sensex tanked 856 points to 74,454 at the close. The NSE Nifty dropped 242 points to 22,553. Wipro, HCL Tech, TCS, Infosys and Bharti Airtel were among the biggest laggards in the Nifty pack. Mahindra & Mahindra, Dr Reddy’s and Eicher Motors were the gainers from the pack.
