Sensex & Nifty 50 Recover Losses; Broader Indices Also Trim Early Day Losses

The Nifty 50 closed marginally down by 0.02 per cent at 22,120.35, and the Sensex declined by 0.07 per cent to 73,147.45.

Market Update 1:05 PM: Indian equity markets witnessed a recovery during the midday trading session, with key indices paring earlier losses. While the broader market still showed some signs of weakness, the negative sentiment had somewhat subsided. The Nifty 50 closed marginally down by 0.02 per cent at 22,120.35, and the Sensex declined by 0.07 per cent to 73,147.45.

Broader market indices showed a mixed trend with some recovery. The Nifty Midcap 150 fell by 0.58 per cent to 17,648.05, and the Nifty Smallcap 250 decreased by 1.27 per cent to 13,669.00. Market volatility remained moderate, with the India VIX at 13.95.

Sectorally, a mixed bag of performances was observed. Nifty IT (+0.89 per cent) and Nifty Metal (+0.48 per cent) were among the leading sectoral gainers, while Nifty Oil & Gas (-1.13 per cent), Nifty Media (-1.13 per cent), and Nifty PSU Bank (-0.90 per cent) were the significant sectoral laggards.

Within the Nifty 50, UltraTech Cement, Eicher Motors, and BEL were among the top performers, showing positive movement against a mixed market. Coal India, Reliance Industries, and Bajaj Finserv were the major draggers.

Market breadth remained negative, with 674 advances and 2,166 declines, indicating a continued cautious sentiment among investors.

Market Update 11:45 PM: Indian equity markets concluded a tumultuous trading session, with key indices registering significant losses. The broader market experienced a substantial sell-off. The Nifty 50 closed down by 0.46 per cent at 22,022.90, and the Sensex declined by 0.48 per cent to 72,848.86.

Broader market indices reflected a strongly negative trend. The Nifty Midcap 150 fell by 1.93 per cent to 17,407.60, and the Nifty Smallcap 250 decreased by 2.78 per cent to 13,459.45. Market volatility remained elevated, with the India VIX at 14.21.

Sectorally, most indices ended in the red. Nifty IT (+0.60 per cent) was among the leading sectoral gainers. Nifty Media (-2.63 per cent), Nifty Oil & Gas (-2.02 per cent), and Nifty PSU Bank (-1.44 per cent) were the significant sectoral laggards.

Within the Nifty 50, UltraTech Cement, Eicher Motors, and Grasim were among the top performers, showing positive movement against a largely negative market. Coal India, Reliance Industries, and IndusInd Bank were the major draggers.

Market breadth was extremely negative, with 396 advances and 2,391 declines, indicating a severe negative sentiment prevailing among investors.

Market Update 9:45 AM: Indian equity markets are experiencing a decline in early trading, with benchmark indices showing losses. Broader market indices are also registering significant drops. The Nifty 50 has edged down by 0.06 per cent to 22,111.85, and the Sensex has increased by 0.04 percent to 73,230.31.

Broader market indices are reflecting a negative performance. The Nifty Midcap 150 has decreased by 1.07 per cent to 17,561.20, and the Nifty Smallcap 250 has dropped by 1.76 per cent to 13,600.55. Market volatility has increased, with the India VIX up 2.08 per cent to 14.20.

Sectorally, most indices are showing negative movement. Nifty IT (+0.89 per cent), and Nifty Auto (+0.45 per cent) are among the few sectoral gainers. Nifty Oil & Gas (-1.61 per cent), Nifty PSU Bank (-1.52 per cent), and Nifty Media (-1.46 per cent) are the leading sectoral laggards.

Within the Nifty 50, M&M, Ultratechco and Grasim are among the top performers, showing positive movement against a mixed market. IndusInd Bank, Coal India and Reliance are the major draggers.

Market breadth is heavily negative, with 584 advances and 1,934 declines, indicating a negative sentiment prevailing among investors.  

Market Update 8:15 AM: Wall Street wrapped up Friday’s session on a positive note, rebounding from earlier volatility. Tech stocks largely advanced, despite a dip in Dell Technologies, following a disastrous outcome from the meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy. The S&P 500 gained 1.59 per cent to settle at 5,954.50, while the Nasdaq advanced 1.63 per cent to close at 18,847.28. The Dow Jones Industrial Average also climbed, rising 1.39 per cent to finish at 43,840.91.

Asian markets were mixed on Monday as investor sentiment remained cautious amid looming tariff concerns. Meanwhile, Bitcoin surged following reports that it would be included in a new U.S. strategic cryptocurrency reserve.

The GIFT Nifty hovered around 22,358 early in the morning, signaling a potential positive start for Indian equities.

Indian stock markets had a rough session on February 28, as both the Sensex and Nifty tumbled nearly 2 per cent. A widespread sell-off, triggered by concerns over an escalating global trade conflict and a slowing U.S. economy, resulted in a market capitalization loss of Rs 8.8 lakh crore.

The U.S. Treasury yields inched higher, with the 10-year bond yield rising to 4.24 per cent, while the 2-year yield climbed to 4.02 per cent, reflecting investor caution.

The U.S. dollar index dipped slightly in early Monday trade, standing at 107.29 against a basket of major currencies.

Brent crude prices declined by 1.67 per cent, dropping USD 1.20 per barrel to trade at USD 70.42. This comes as investors evaluated supply risks and economic concerns. Historically, crude oil reached an all-time high of USD 147.27 in July 2008.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 11,639 crore on February 28, while Domestic Institutional Investors (DIIs) stepped in, purchasing stocks worth Rs 12,308.63 crore.

No stocks are currently under the F&O ban list.

Disclaimer: This article is for informational purposes only and not investment advice.