Stock markets opened decrease on Friday and prolonged losses in early commerce, monitoring weak international cues and broad-based promoting throughout sectors. Investor temper remained cautious forward of the native GDP knowledge due later within the day.
At 1 PM, the S&P BSE Sensex was down 635.88 factors at 81,612.73. The NSE Nifty50 fell 217.75 factors to 25,278.80. Both indices have been down practically 1%.
“The clarity is not emerging with respect to trade tariffs and also the rising markets. Market territory is right now, buy on dips, sell on rally, kind of market. After the recent rally, we are witnessing some kind of profit booking, that also has a technical reason,” stated Kranthi Bathini, Director – Equity Strategy, WealthMills Securities Pvt Ltd.
“The trade tariffs are still lingering in the global trade space at this point of time. And also rising geopolitical issues creating some kind of uncertainty in the medium to short term. That is the reason investors and short-term traders want to pay on cash at this point of time,” he added.
SELLING SEEN ACROSS SECTORS
There was promoting throughout most sectors in early commerce. Sectoral indices confirmed weak spot in auto, banking, financials, FMCG, metallic, pharma, PSU banks, personal banks, realty, healthcare, oil and gasoline, shopper durables and media.
Nifty Auto was down 1.01%. Nifty Financial Services fell 0.95% and Nifty FMCG declined 1.37%. Nifty Metal was decrease by 0.75%, whereas Nifty Pharma slipped 0.68%.
Banking shares have been beneath stress. Nifty PSU Bank fell 0.63%, Nifty Private Bank declined 0.82% and the Bank index was down 0.82%. Nifty Realty misplaced 1.09%, whereas Nifty Healthcare Index was down 0.70%. Nifty Consumer Durables fell 0.30% and Nifty Oil & Gas was down 0.42%.
A number of sectors noticed delicate features. Nifty IT rose 0.63% and Nifty Media gained 0.52%.
Broader markets have been additionally weak. Nifty Midcap 100 was down 0.93% and Nifty Smallcap 100 fell 0.82%. India VIX, which exhibits market volatility, rose 3.42% to 13.51, indicating greater nervousness amongst merchants.
Among Sensex shares, losses have been seen in a number of heavyweights. ExtremelyTech Cement fell 2.03%. Hindustan Unilever was down 1.68%. Maruti declined 1.55% and Bharti Airtel fell 1.44%. Bajaj Finserv and Adani Ports each dropped 1.29%. IndusInd Bank was down 1.29%, Kotak Mahindra Bank fell 1.14% and M&M misplaced 1.06%.
ITC slipped 0.94% and Asian Paints declined 0.99%. Reliance Industries was down 0.68%, ICICI Bank fell 0.73% and HDFC Bank misplaced 0.67%. SBI declined 0.60% and Titan was down 0.54%.
On the gaining facet, Eternal rose 1.81%, Infosys gained 1.14%, HCLTech was up 0.99%, Tech Mahindra added 0.48% and TCS rose 0.22%. NTPC was marginally decrease by 0.10%.
GLOBAL CUES WEIGH ON SENTIMENT
Overnight, US markets ended sharply decrease after know-how shares noticed heavy promoting. Investors reacted to earnings from Nvidia. Although the corporate reported better-than-expected fourth-quarter outcomes and gave steering above market estimates, its shares fell 5.5%. Investors have been involved about slowing income progress and difficult comparisons with final yr’s robust efficiency.
The fall in US tech shares dragged Asian markets decrease in early commerce. Weak international cues added stress on Indian equities.
Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, stated that the market has been in consolidation mode on the index degree for the final three months, with none clear breakout or breakdown. However, inside the index, there have been sharp stock-specific strikes.
He famous that within the final one month, the Nifty IT index has fallen 20% following the Anthropic shock. Over the final one yr, whereas Nifty delivered a 13% return, six shares within the index gave greater than 50% returns, with Shriram Finance main with a 92% acquire. At the identical time, 5 shares within the Nifty delivered over 20% detrimental returns throughout this era.
According to him, this exhibits that it’s a inventory picker’s market and this pattern might proceed. He added that traders ought to focus extra on particular person shares somewhat than solely monitoring index-level actions. From a valuation viewpoint, he stated financials are pretty priced.
FII AND DII DATA
Foreign institutional traders and home institutional traders confirmed blended exercise in current periods.
Month until date, FIIs purchased shares price Rs 302,616.29 crore and bought shares price Rs 301,720.71 crore, leading to internet purchases of Rs 895.58 crore.
On February 26, 2026, FIIs have been internet sellers of Rs 3,465.99 crore. They purchased shares price Rs 14,607.90 crore and bought shares price Rs 18,073.89 crore. On February 25, FIIs have been internet consumers of Rs 2,991.64 crore. On February 24, they have been marginal internet sellers of Rs 102.53 crore.
Domestic institutional traders remained internet consumers. Month until date, DIIs purchased shares price Rs 321,854.50 crore and bought shares price Rs 295,724.20 crore, resulting in internet purchases of Rs 26,130.30 crore.
On February 26, DIIs purchased shares price Rs 19,242.72 crore and bought Rs 14,211.15 crore, making internet purchases of Rs 5,031.57 crore. On February 25, DIIs have been internet consumers of Rs 5,118.57 crore. On February 24, they purchased shares price Rs 3,161.22 crore on a internet foundation.
The promoting by FIIs within the newest session, together with weak international cues and broad-based sectoral losses, stored the market beneath stress in early commerce on Friday. Investors are prone to stay cautious forward of key home knowledge and additional international developments.
(Disclaimer: The views, opinions, suggestions, and strategies expressed by specialists/brokerages on this article are their very own and don’t replicate the views of the India Today Group. It is advisable to seek the advice of a certified dealer or monetary advisor earlier than making any precise funding or buying and selling decisions.)
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