Taking Stock: Late selloff deepens cut but Nifty, Sensex end flat; metal and IT drag

Market Today

Benchmark indices ended off highs after the selloff extended in late trade, to end little changed on February 25 during a volatile session.

Nifty closed six points lower at 22,547.55 while BSE Mid and Smallcap indices fell 0.5 percent each. At close, Sensex was up 147.71 points or 0.20 percent at 74,602.12. After the fall, Nifty 50 has closed lower for a sixth session in a row.

On the back of weak global cues, Indian indices had opened marginally lower, but soon erased losses to trade rangebound through the session. Sensex and Nifty were supported by auto, FMCG, media and telecom stocks. However, a last-hour selling erased intraday gains, with metal, PSU Bank, oil & gas, realty and IT stocks suffering the most.

M&M, Bharti Airtel, Bajaj Finance, Maruti Suzuki and Nestle were among major gainers on the Nifty, while losers included Hindalco, Dr Reddy's Labs, Sun Pharma, Hero MotoCorp, Trent.

On the sectoral front, IT, metal, oil & gas, energy, capital goods, PSU bank, realty shed 0.5-1 percent, while auto, consumer durables, FMCG, telecom rose 0.5 percent each.

The stock market shall remain shut on February 26 on account of Mahashivratri.

230 stocks touched their 52-week low on the BSE, including Can Fin Homes, Delhivery, Gujarat Gas, Mahindra Holiday, Sunteck Realty, Cera Sanitary, Sonata Software, Birlasoft, Tata Elxsi, Finolex Industries, Jyothy Labs, Sammaan Capital, NCC, Tata Communications, Sun Pharma Advanced, Cello World, PVR INOX, Star Health, IRCTC, among others. Click here to view more

Outlook for February 27

Index	Prices	Change	Change%
Sensex	73,134.32	1,186.77	+1.65%
Nifty 50	22,679.40	348.00	+1.56%
Nifty Bank	51,448.65	1,173.30	+2.33%

Nifty 50 22,679.40 348.00 (1.56%)

Wed, Apr 01, 2026

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Trent	3,526.50	230.70	+7.00%

Biggest Loser	Prices	Change	Change%
Dr Reddys Labs	1,209.60	-45.30	-3.61%

Best Sector	Prices	Change	Change%
Nifty PSU Bank	8164.80	291.35	+3.70%

Worst Sector	Prices	Change	Change%
Nifty Pharma	22011.60	-220.65	-0.99%

Aditya Gaggar Director of Progressive Shares

The market concluded the trading session marginally lower, after a lacklustre performance throughout the day, with a loss of 5.80 points at 22,547.55. Among the sectors, Media and Auto were the top performers, while the Metal and Realty sectors faced corrections, both dropping over 1%, making them the major laggards. Mid and Smallcaps ended the day in the red, underperforming the Frontline Index.

The overall market trend remains bearish, and there has been no significant change in the support and resistance levels for Nifty50, which stand at 22,400 and 22,800, respectively.

Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates

The Nifty began on a negative note, saw consolidation in a narrow range, and closed on flat to negative note at 22,548. The volatility index, India VIX, cooled off by 5.03% to 13.72, indicating a decline in market volatility.

Technically, on the daily chart, Nifty has formed an inverted hammer candlestick pattern, indicating buying interest around 23,500 levels. As long as the index respects 23,500 levels, a pullback rally towards 22,700-22,800 could be possible. On the higher side, 22,700-22,800 will serve as a solid resistance zone. Sustenance below 22,500 levels could trigger fresh selling pressure. Traders should monitor these levels for potential trading opportunities.

Similarly, Bank Nifty opened on a marginal positive note, witnessed consolidation in a narrow band, and concluded the session lower at 48,608. On the daily chart, Bank Nifty has formed a red candle with a big upper shadow, reflecting selling pressure on higher levels. On the downside, Bank Nifty will find strong support around 47,840, while on the upside 49,650 will remain a challenging barrier for the index. Traders should closely watch these levels for potential trading opportunities.

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