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    HomeEconomySensex Tanks 961 Points In Late Selloff, Nifty Below 25,200; Banks, Auto,...

    Sensex Tanks 961 Points In Late Selloff, Nifty Below 25,200; Banks, Auto, FMCG Stocks Drag | Markets News

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    Indian benchmark indices Nifty 50 and Sensex fell about 1% on Friday, February 27, tracking weak cues from Asian markets

    Stock Market Today.

    Stock Market Today.

    Why Did Market Fall Today? The Indian equity benchmark indices ended sharply lower, with realty and financial services stocks declining amid mixed global cues. ICICI Bank, Sun Pharmaceutical Industries, HDFC Bank, and Mahindra & Mahindra shares were the biggest dragger of the indices.

    The Nifty 50 ended 1.22 per cent or 311.85 points down at 25,178.65, and the Sensex ended 961.42 points or 1.17 per cent down at 81,287.19.

    Broader markets also fell in line with the benchmark indices. The Nifty MidCap and the Nifty SmallCap indices ended 1.14 per cent and 1.10 per cent down, respectively.

    Sector wise, the Nifty Realty and the Nifty Financial Services indices declined the most. The indices ended 2.3 per cent and 2.1 per cent down, respectively.

    Global markets

    Across Asia-Pacific, markets were mixed following an overnight decline on Wall Street. The US sell-off was triggered by a sharp drop in Nvidia shares, even though the chipmaker posted quarterly earnings that beat expectations.

    Japan’s Nikkei 225 fell 0.6 per cent and South Korea’s Kospi dropped 1.1 per cent, while Australia’s S&P/ASX 200 was largely flat in early trade.

    In the US, Wall Street reversed gains on Thursday as investors reacted cautiously to Nvidia’s results. The weakness in Nvidia weighed on technology stocks, a key driver of the recent rally. The Dow Jones Industrial Average edged up 0.03 per cent, but the S&P 500 declined 0.54 per cent and the Nasdaq Composite fell 1.18 per cent.

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    News business markets Sensex Tanks 961 Points In Late Selloff, Nifty Below 25,200; Banks, Auto, FMCG Stocks Drag
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