Stock Market Today: Nifty, Sensex Witness Worst Session In Eight Months

Nifty breaks 28-year record with fall in five consecutive months, while Sensex sees a decline for three straight months.

(Source: Envato)

The GIFT Nifty was trading near 22,550 early Friday. The futures contract based on the benchmark Nifty 50 fell 0.68% at 22,531 as of 7:00 a.m. indicating a negative start for the Indian markets. Benchmark indices ended Thursday's session flat, with the NSE Nifty 50 ending 2.50 points, or 0.01% lower at 22,545.05, while the BSE Sensex closed 10.31 points or 0.01% higher at 74,612.43.
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Rupee Weakens Sharply Against US Dollar

  • Rupee closes 32 paise weaker at 87.52 against US Dollar 

  • Intraday, the rupee fell 35 paise weaker at 87.54 against US Dollar

  • It closed at 87.20 a dollar on Thursday.

Source: Bloomberg

Stock Market At Closing

  • Nifty and Sensex end lower on Friday.

  • Intraday, both Nifty and Sensex had fallen nearly 2%.

  • Nifty ends 1.86% or 418.70 points down at 22,124.70.

  • Sensex ends 1.90% or 1,414.33 points lower at 73,198.10.

  • Broader indices also closed lower. Nifty Midcap 100 ended 2.35% lower; Nifty Smallcap 250 closed 2.50% lower.

  • All sectoral indices fell with Nifty IT falling the most.

  • Nifty Pharma falls third day in a row, led by granules, gland pharma.

  • Nifty IT falls seventh day in a row; records worst day in nearly two years.

  • Nifty FMCG falls 2nd day in a row led by Godrej consumer, Tata Consumer.

  • Nifty Realty falls 5th day in a row; longest losing streak since Oct. 2024.

  • Nifty Auto falls 2nd day in a row; records worst day in six months.

  • HDFC Bank Ltd., Shriram Finance Ltd., and Coal India Ltd. emerged as the top gainers for the day.

  • On the other hand, Infosys Ltd., Bharti Airtel Ltd., and ICICI Bank Ltd. were the worst performers of the Nifty 50 index.

Stock Market Live Update: Cartrade Tech Shares Gain On MSCI Rejig Impact

The shares of Cartrade Tech, Shaily Engineering and Dixon Tech were trading in the green, while TBO Tek, Greaves Cotton and Afcons Infra were in the red on Friday.

Nifty Today Live: Freak February For Markets

  • Over 450 of Nifty 500 stocks decline in February.

  • Nifty records longest monthly losing streak in 28 years.

  • Nifty falls 5th month in a row, longest losing streak since Nov. 1996.

  • All sectoral indices record losses in February; Realty, IT fall the most.

  • Nifty Realty records worst month since March 2020.

  • Nifty IT records worst month since April 2022.

  • Nifty FMCG records longest monthly losing streak since inception, falls fifth month in a row.

Rupee Vs Dollar Live: RBI's $10 Billion FX Swap Result

The Indian rupee was down 3 paise after the Reserve Bank of India released the results of its $10 billion forex swap auction.

The central bank received bids worth $16.23 billion from 244 sources. It accepted 161 of those. The weighted average premium of accepted bids was Rs 6.7329.

Stock Market Live Update: Nifty 50 Not Portraying Correct Picture Of Pain In Market, Said Manish Sonthalia

"Nifty 50 is not portraying correct picture of pain in the market," Manish Sonthalia, Emkay Investments told NDTV Profit. He further added that the correction in large caps suggest we are close to the bottom.

According to Sonthalia, consumption is next big theme in Indian markets over medium term.

Stock Market Live Update: Tata Tech Share Price Today

Tata Technologies Ltd. shares fell over 6%, as the stock entered the Futures & Options segment with the commencement of the March series. This move marks a notable shift for the company, which now joins the ranks of other prominent stocks trading in the F&O segment.

Read full story here.

Tata Steel Share Price Update: Large Trade In Stock

Over 1.8 million shares of Tata Steel were traded via a block deal on Friday. The share of Tata Steel fell as much as 2.47% to Rs 135.25 apiece.

Stock Market Live Update: Adani Green Now India's First Renewable Energy Firm With 12,000-MW Capacity

Adani Green Energy Ltd. has achieved a significant milestone by surpassing 12,000 megawatts of operational portfolio, reaching 12,258.1 MW. The milestone establishes AGEL as the first and only renewable energy company in India to attain this level of operational capacity.

Stock Market Live Update: Solar Industries Share Price

Solar Industries gets export orders worth Rs 2,150 crore for supply of Defence Products. After the order win the shares of the company saw some recovery. The shares were trading 1.77% lower at Rs 8,568.90 each.

Stock Market Live Update: Ireda Share Price Today

Shares of Indian Renewable Energy Development Agency Ltd. fell over 7% on Friday, as the stock entered the Futures & Options segment with the start of the March series.

Also Read: Ireda Share Price Tumbles After Entering F&O Segment

Sensex, Nifty Today: Stock Market Near Day's Low

  • Indian equities were trading lowerer with Nifty falling nearly 2% at 22,147.75 and Sensex was trading 1,200 points lower at 73,319.71.

  • Intraday, both Nifty and Sensex fell over 1.75%.

  • Nifty fell 1.78% to 22,143.65.

  • Sensex fell 1.79% to 73,275.39.

  • Broader indices were trading lower. Nifty Midcap fell 3.13%; Nifty Smallcap was trading 3.29% lower.

  • Most sectoral indices fell, led by Nifty IT.

  • Nifty Bank fell 1.28%, Nifty IT was down 4.03%.

  • HDFC Bank, Coal India and Shriram Finance were top Nifty gainers.

  • Infosys, Bharti Airtel, TCS, Mahindra & Mahindra and ICICI Bank were top Nifty losers.

Stock Market Live Update: Market Loses Rs 38.6 Lakh Crore In Investor Wealth In February

  • Market Loses Rs 38.6 Lakh Crore In Investor Wealth In February

  • Large-Cap stocks lose Rs 19.5 lakh crore in investors wealth in February.

  • Small-Cap stocks lose Rs 5.8 lakh crore in investors wealth in February.

  • Mid-Cap Stocks lose Rs 8.7 lakh crore in investors wealth in February.

Stock Market Live Update: Hyundai, Zomato Set For Volatile Friday With $1-Billion MSCI Rejig Set To Take Effect

A net passive inflow of up to $1 billion is expected on account of MSCI Inc.'s February rejig set to come into effect from close of the market hours on Friday. Stocks covered in the review are likely to see heightened volatility in the last trading session of the week.

Read full story here.

Stock Market Live Update: Angel One Shares Fall Nearly 3%

The shares of Angel One fall nearly 3% after it reported a Data Breach on Friday. The company in an exchange filing said that its Dark-Web monitoring partner had informed of an unauthorised access to clients' data. The firm is investigating the data breach to access potential impact.

Nifty IT Sees Worst Monthly Fall Since April 2022

Indian IT stocks sunk to a seven-month low on Friday and are set to register the worst monthly fall in nearly three years. The selloff came after tech stocks in the US took a beating following Nvidia Inc.'s fourth-quarter earnings and commentary that failed to enthuse investors accustomed to sporadic AI-fuelled gains. The Jensen Huang-led chipmaker sank 8.5%.

Read full story here.

Stock Market Live Update: Tata Power Share Price Today

Tata Power's arm wins contract worth Rs 632 crore from SECI. The order is for the supply of solar modules in Andhra Pradesh.

The shares of Tata Power were trading 0.71% lower at Rs 343.30 per share as of 11:32 a.m.

Stock Market Live Update: Transrail Lighting Share Price Today

Transrail Lighting Ltd. shares snapped a five-day losing streak on Friday, as the company bagged orders worth Rs 2,752 crore. Transrail Lighting share price rose 6.08% to Rs 517.70 apiece.

Also Read: Transrail Lighting Snaps Five-Day Losing Streak After Bagging Orders Worth Over Rs 2,700 Crore

Stock Market Live Update: HCL Tech Share Price Today

HCL Tech shares fell over 4% on Friday as the Nifty IT index saw an over 4% decline. The shares were trading 3.83% lower at Rs 1,629.20 per share as of 11:27 a.m.

Stock Market Live Update: KSB Shares Rise Over 8%

The shares of KSB rose over 8% on Friday after the company reported a 33.2% rise in net profit at Rs 73.1 crore.

Stock Market Live Update: Jindal Worldwide Share Rise Over 16%

The shares of Jindal Worldwide rose over 16% on Friday as the shares were trading ex-bonus today.

Stock Market Live Update: Premier Energies Share Price Today

The shares of Premier Energies fell over 9% on Friday after its six-month shareholding lock-in period ends.

Read full story here.

Stock Market Live Update: Tata Motors Share Price Today

Tata Motors shares extend decline for the fifth day after it falls nearly 3% on Friday.

Stock Market Live Update: Why Are Markets Falling

1. Weak US markets & macro

2. Relentless FII selling

3. Weak domestic macro

4. Cut in earnings estimates

5. Punchy broader market valuations

Read full story here.

Stock Market Live Update: IREDA, Tata Tech, Patanjali Foods Trade Lower On First Day In F&O

While the shares of Patanjali Foods hit lower circuit on Friday on first day of F&O inclusion, the shares of Tata Technology and IREDA were also trading lower.

Small-, Mid-Cap Rout May Intensify Once Returns Turn Negative, Says Jefferies

If the bruising correction in small- and mid-cap stocks was not enough; there may be some more pain coming their way. The risk of outflows will grow when dedicated funds start to show a year-on-year loss, which on present trends is likely to be in about three months, according to Jefferies' Greed and Fear report.

Read full story here.

Stock Market Live Update: Granules Share Price Today

Granules India Ltd.'s share price fell to the lowest level in over eight months on Friday, as the US Food and Drug Administration issued warning to its Gagillapur facility and classified it as official action indicated.

Read full story here.

Stock Market Live Update: Patanjali Share Price Today

The shares of Patanjali Foods hit lower circuit on Friday on first day of F&O inclusion.

Stock Market Live Update: Only Nifty Stocks In Green

Coal India, Shriram Finance, Reliance Industries and Grasim are the only stocks in green today.

Stock Market Live Update: Nifty Fall In Numbers

  • Nifty 50 Hits Nearly 9-Month Low.

  • Nifty 50 Slips Into Negative Territory For FY24-25.

  • Nifty Declines For 8 Consecutive Sessions.

  • Nifty Gains Only Twice In February.

  • Nifty Declines 5.3% In Feb, Biggest Monthly Fall Since Oct. 2024.

  • Nifty Falls Back To June 2024 Levels.

  • Only 4 Nifty Stocks Trade In Green.

  • Nifty 14-Day RSI Goes Back Below 30 After 4 Months.

  • Nifty 14-day RSI At Lowest Level Since COVID.

Stock Market Live Update: Nifty 14-day RSI At Lowest Since Covid-19

Nifty 14-day RSI goes back below 30 after 3 months and falls to the lowest since Covid-19. This comes as Nifty 50 has gone into negative territory for financial year 2024-25.

(Note: Conventionally, RSI below 30 indicates Nifty as oversold in the near-term)

Stock Market Live Update: Nifty Companies Wipe Out Rs 2.3 Lakh Crore In Investor Wealth

  • Nifty companies' wipe-out Rs 2.3 lakh crore in investor wealth

  • Nifty 500 companies' wipe-out Rs 5.6 lakh crore in investor wealth

  • IT, Financial lead drag Nifty 50 by 150 points.

  • Infosys, M&M top contributors to Nifty's decline.

Stock Market Live Update: Coal India Share Price Today

The shares of Coal India rose over 3% on Friday after the company said it will impose an additional charge of Rs 300 per tonne on top of the notified price across all mines of NCL starting May 1. This charge is expected to generate additional revenue of Rs 3,877.5 crore.

Read full story here.

Stock Market Live Update: Nifty Bank Snaps Winning Streak

Nifty Bank fell over 1% on Friday snapping its one day winning streak. The index had fallen for four days before it was trading in the green on Thursday.

Stock Market Live Update: Nifty IT Falls To Over Seven Month Low, Falls For Seven Straight Sessions

Nifty IT index has fallen to over seven months low after it saw a 3% decline on Friday. The index has been falling for seven straight sessions as heavy selling in technology stocks continued amid concerns over a slowing US economy.

Stock Market Live Update: Cabel Stocks See Recovery

Cabel stocks saw recovery on Friday after shares of Polycab India Ltd., KEI Industries Ltd., R R Kabel Ltd., and Havells India Ltd. took a sharp hit during early trade on Thursday.

Read full story here.

Stock Market Live Update: Nifty 50 Goes Into Negative Territory For FY24-25

Nifty 50 has gone into negative territory for financial year 2024-25. Additionally, Nifty 14-day RSI goes back below 30 after 3 months

(Note: Conventionally, RSI below 30 indicates Nifty as oversold in the near-term)

Stock Market Live Update: Nifty Midcap, Nifty Smallcap Fall For Five Consecutive Sessions

The Nifty Midcap index and Nifty Smallcap index fell for the fifth consecutive session. While Nifty Smallcap index has fallen to a nearly one-year low, Nifty Mid cap index has fallen to nearly nine-month low.

Stock Market Live Update: Infosys, HDFC Bank Lead Decline

HDFC Bank Ltd., Infosys Ltd. Mahindra and Mahindra, ICICI Bank Ltd., weighed on the Nifty 50 index.

Coal India was the only company that added to the Nifty 50 index.

Stock Market Live Update: All Sectoral Indices Open Lower

On NSE, all 12 sectors were in the red. The NSE Metal was the worst performing sector during open.

Broader markets were trading lower for the fifth consecutive day, with the NSE Midcap indices trading 1.82% lower and NSE Smallcap indices was trading 1.77% lower.

Stock Market Live Update: Nifty, Sensex Open Lower Ahead Of GDP Data

The NSE Nifty 50 and BSE Sensex opened lower on Friday ahead of the GDP data. The Nifty 50 was trading 0.86% down at 22,250.40 and the Sensex was down 627.57 points at 73,948. Nifty is set to break 28-year record with fall in five consecutive months.

"After a negative opening, Nifty can find support at 22,400 followed by 22,300 and 22,200. On the higher side, 22,600 can be an immediate resistance, followed by 22,700 and 22,800," said Hardik Matalia, Derivative Analyst, Choice Broking.

Stock Market Live Update: Nifty, Sensex Trade Lower Pre-Open

At pre-open, the NSE Nifty 50 was trading 111.65 points or 0.50% lower at 22,433.40. The BSE Sensex was 0.55% lower at 74,201.90.

Rupee Vs Dollar Today: Indian Currency Falls To 87.20

Rupee opened 12 paise lower at 87.32 against the US Dollar. It closed at 87.20 on Thursday.

Source: Bloomberg

The dollar index is 0.06% lower at 107.35. Brent crude is down 0.49% to $73.68.

ITC Share Price Update: Large Trade In Stock

Over 2.66 million shares of ITC were traded via a block deal on Friday.

Coal India: What Brokerages Say

JPMorgan

  • Maintained 'neutral' rating and raised target price to Rs 420 apiece from earlier Rs 395.

  • Fuel supply agreement price hike announcement is a positive surprise.

  • Anticipate the flow-through to the fiscal years ending March 2026 through March 2027 estimated Ebitda could be 8-9%.

  • Northern Coalfields is the third largest subsidiary of Coal India (18% sales mix).

Morgan Stanley

  • Maintained 'overweight' rating with a target price of Rs 525 apiece.

  • Sees price hike as a positive development.

  • The levy is 2.5% of the fiscal year ending March 2026 revenue and implies 8% upside risk to the fiscal 2026 earnings estimates.

  • Key to watch would be if the company is able to take price hikes over and above this.

  • Currently forecasting 2% growth in fuel supply agreement realisations.

Jubilant Foodworks: What Bernstein Says

  • Maintains outperform with a target price of Rs 850

  • “Boldly going where no one has”

What they liked:

  • Store expansion guidance.

  • Strong focus on operation and tech.

  • Platform innovation and value focus.

  • Profitability and cash management.

What was missing:

  • Popeyes guidance

  • Comments on dine-in vs delivery.

Nifty Today: What F&O Cues Indicate

  • Nifty March futures down by 0.25% at a premium of 138.6 points.

  • Nifty March futures open interest up by 37.38%.

  • Nifty Options March 06 Expiry: Maximum Call open interest at 25500 and Maximum Put open interest at 22500

  • Securities in ban period: Nil

Dollar Check

  • The US Dollar index is up 0.06% at 107.35.

  • Euro was up 0.11% at 0.9626.

  • Pound was up 0.10%% at 0.7944.

  • Yen was down 0.27% at 149.49.

Stock Market News Live: Global Check

Stocks in the Asia Pacific region continued to decline on Friday after heavy selling in US markets as investors digested underwhelming Nvidia Corp. results, mixed economic data and further details on US tariffs.

South Korea's Kospi fell 2.47%, or 64.64 points, to 2,557.11 while Australia's S&P / ASX 200 was down 0.81% at 8,201.50 as of 7:28 a.m. Markets in Japan fell on Friday, while the benchmark index in China and Hong Kong also saw a lower open. This comes after S&P 500 fell 1.6% on Thursday erasing the gains it made this year.

Among important events today Japan Tokyo CPI, industrial production and retail sales data will be released today. US PCE inflation in addition to income and spending data will also be released on Friday.

The US dollar rose on Thursday following US President Donald Trump's announcement on starting tariffs on Canada and Mexico from March 4 and adding another 10% tax on Chinese imports. The S&P 500 fell 1.6% while the Nasdaq 100 slipped over 2.8%, pulled down by the Magnificent Seven that saw the biggest decline since December. The Dow Jones Industrial Average declined by 0.45% on Friday.

Stock Market News Live: GIFT Nifty Indicates Gap Down Start Amid Negative Global Cues

The GIFT Nifty was trading near 22,550 early Friday. The futures contract based on the benchmark Nifty 50 fell 0.68% at 22,531 as of 7:00 a.m. indicating a negative start for the Indian markets.

Benchmark indices ended Thursday's session flat, with the NSE Nifty 50 ending 2.50 points, or 0.01% lower at 22,545.05, while the BSE Sensex closed 10.31 points or 0.01% higher at 74,612.43.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Feb. 28

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WRITTEN BY
Pratiksha Thayil
Pratiksha covers markets and business news at NDTV Profit. She has a keen i... more
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