New Delhi, February 28 : The Indian stock market opened on a weak note today, following negative global cues triggered by U.S. President Donald Trump’s renewed announcement of a tariff war. The bearish sentiment led to heavy selling pressure, dragging both Sensex and Nifty into deep losses in early trade.
Despite sporadic buying attempts by investors, the overwhelming selling pressure prevented any significant recovery. After the first hour of trading, Sensex was down 1.20%, while Nifty had dropped 1.26%.
Market Performance: Heavy Sell-Off Dominates Trading Session
📉 Key Indices Movement (First Hour of Trade)
- Sensex: Opened 410.66 points lower at 74,201.77, later plunging over 1,030 points to touch 73,579.44 before mild recovery.
- Nifty: Opened 111.65 points lower at 22,433.40, dropping over 320 points to hit 22,224.10 before slight improvement.
📊 Sectoral Performance
- Gainers: Coal India, Shriram Finance, Reliance Industries, Grasim, and Axis Bank saw gains between 0.23% and 2.62%.
- Losers: Tech Mahindra, IndusInd Bank, Mahindra & Mahindra, Wipro, and HCL Technologies fell sharply, losing between 3.65% and 4.89%.
📌 Market Breadth:
- Total Active Stocks: 2,470
- Advancing Stocks: 218 (trading in the green)
- Declining Stocks: 2,252 (trading in the red)
- Sensex Constituents: 4 stocks in green, 26 in red
- Nifty Constituents: 7 stocks in green, 43 in red
Detailed Market Movement: Sensex and Nifty Performance
📉 Sensex Movement:
- Opened 410.66 points down at 74,201.77.
- Dropped over 1,030 points to 73,579.44 by 10:00 AM.
- Slight recovery, trading 892.65 points lower at 73,719.78 by 10:15 AM.
📉 Nifty Movement:
- Opened 111.65 points lower at 22,433.40.
- Declined over 320 points to 22,224.10 by 10:00 AM.
- Mild recovery, trading 284.50 points lower at 22,260.55 by 10:15 AM.
Previous Session Recap & Market Outlook
On Thursday, the Sensex ended marginally higher by 10.31 points (0.01%) at 74,612.43, while Nifty closed 2.50 points lower at 22,545.05. However, today’s steep decline indicates strong bearish sentiment, fueled by global uncertainties and market volatility.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
