Midcap & Smallcap Carnage Deepens: Sensex & Nifty Bleed as Market Plunges

The Nifty 50 has plummeted by 1.36 per cent to 22,238.35, and the Sensex has fallen by 1.35 per cent to 73,607.63.

Market Update 12:00 PM: Indian equity markets are experiencing a severe downturn, with benchmark indices extending their losses into midday trading. The broader market continues to witness a significant sell-off. The Nifty 50 has plummeted by 1.36 per cent to 22,238.35, and the Sensex has fallen by 1.35 per cent to 73,607.63.  

Broader market indices are reflecting a strongly negative performance. The Nifty Midcap 150 has decreased by 2.74 per cent to 17,677.90, and the Nifty Smallcap 250 has dropped by 2.85 per cent to 13,795.60. Market volatility remains elevated, with the India VIX at 13.37.  

Sectorally, all indices are showing negative movement. Nifty IT (-4.03 per cent), Nifty Auto (-2.98 per cent), and Nifty Media (-3.15 per cent) are the leading sectoral laggards. Conversely, there are no sectoral gainers.

Within the Nifty 50, Coal India, Axis Bank, and Shriram Finance are among the top performers, showing minimal positive move against a heavily negative market. TechM, IndusInd Bank and Wipro are the major draggers.

Market breadth is extremely negative, with 269 advances and 2,451 declines, indicating a severe negative sentiment prevailing among investors.

Market Update 9:40 AM: Indian equity markets are witnessing a sharp decline in early trading, with benchmark indices experiencing significant losses. Broader market indices are also showing substantial drops. The Nifty 50 has plummeted by 1.17 per cent to 22,281.65, and the Sensex has fallen by 1.27 per cent to 73,665.90.  

Broader market indices are reflecting a strongly negative performance. The Nifty Midcap 150 has decreased by 2.05 per cent to 17,804.05, and the Nifty Smallcap 250 has dropped by 1.99 per cent to 13,918.20. Market volatility has increased, with the India VIX up 2.16 per cent to 13.60.  

Sectorally, all indices are showing negative movement. Nifty IT (-2.91 per cent), Nifty Auto (-2.47 percent), and Nifty PSU Bank(-2.05%) are leading sectoral laggards. Conversely, there are no sectoral gainers.

Within the Nifty 50, Coal India, Shriram Finance, and Reliance are among the top performers, showing minimal positive move against a heavily negative market. IndusInd Bank, M&M and TechM are the major draggers.

Market breadth is extremely negative, with 211 advances and 2,199 declines, indicating a severe negative sentiment prevailing among investors.

Market Update 8:15 AM: Wall Street had a rough session on Thursday as disappointing earnings from Nvidia triggered a sell-off in tech stocks, dampening the AI-driven optimism. The S&P 500 slid 1.59 per cent to finish at 5,861.57, while the Nasdaq took a steep 2.78 per cent hit, closing at 18,544.42. The Dow Jones Industrial Average also declined, shedding 0.45 per cent to settle at 43,239.50.

Asian markets followed suit, trading lower on Friday as investors digested weak sentiment from Wall Street, additional details regarding U.S. tariffs, and mixed economic signals.

The GIFT Nifty hovered around 22,532 early in the morning, signaling a flat-to-muted opening for domestic equities.

Indian stock indices wrapped up a lackluster session on February 27 (F&O expiry day) with negligible movement. The Sensex edged up by just 10.31 points or 0.01 per cent to close at 74,612.43, while the Nifty slipped 2.50 points or 0.01 per cent to 22,545.05.

The 10-year U.S. Treasury yield eased by 58 basis points to 4.23 per cent, with the 2-year yield dropping 51 basis points to 4.03 per cent, indicating a cautious stance from fixed-income investors.

The U.S. dollar gained safe-haven traction, climbing to 107.21 ahead of anticipated tariff announcements from former President Donald Trump. However, it remained on track for a monthly decline as market participants weighed trade uncertainties against a softening U.S. economic outlook.

Brent crude prices dipped to approximately USD 73 per barrel on Friday, reversing some of the prior session’s gains of over 2 per cent. Market sentiment was impacted by supply considerations, particularly after President Trump revoked Chevron’s license to operate in Venezuela, potentially tightening global oil availability.

The Foreign Institutional Investors (FIIs) sold equities worth Rs 556 crore on February 27. However, Domestic Institutional Investors (DIIs) bought equities worth Rs 1,727 crore on the same day.

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

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