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On February 24, 2026, at 12:40 PM IST, India’s Nifty 50 index fell 1.25% to 25,428.50, extending losses amid heavy selling in IT and telecom stocks. The Sensex dropped over 1,000 points to 82,290.16, while investor sentiment weakened due to global tariff concerns and sectoral pressures.
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Key Highlights:
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Index Performance: At 12:40 PM IST, the Nifty 50 was down 284.50 points (1.25%) at 25,428.50, while the Sensex fell 1,004.50 points (1.21%) to 82,290.16.
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Sectoral Drag: The Nifty IT index plunged 5.1%, marking its fifth straight session of losses, with Infosys, TCS, and Wipro leading declines.
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Market Impact: Investor wealth eroded sharply, with midcap and smallcap indices also trading lower, reflecting broad-based weakness across sectors.
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Global Cues: Renewed tariff threats from the US and mixed Asian market trends added to investor caution, amplifying volatility.
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Technical Outlook: Analysts warn that Nifty futures could fall further towards 25,350, advising caution and short positions on any rebound.
Contextual Insights:
The sharp decline underscores sectoral vulnerability, particularly in IT, where concerns over contract cancellations and margin pressures weigh heavily. With global uncertainties adding to domestic weakness, analysts expect volatility to persist in the near term. However, long-term fundamentals for Indian equities remain intact, supported by structural growth drivers.
Sources: The Hindu BusinessLine, Business Standard, NSE India
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