SENSEX is also known as BSE Sensex. It stands for Stock Exchange Sensitive Index and is the stock market index for the Bombay Stock Exchange which calculates the movement on BSE. A stock market analyst Deepak Mohoni termed the word Sensex which was a blend of words ‘Sensitive’ and ‘Index’. It is a free-float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. The 30 constituent companies which are some of the largest and most actively traded stocks, are representative of various industrial sectors of the Indian economy. It was launched January 1. The base value of the SENSEX was taken as 100 on 1 April 1979 and its base year as 1978-1979. The index is calculated based on a free float capitalisation method, a variation of the market capitalisation method. Instead of using a company's outstanding shares it uses its float, or shares that are readily available for trading. Free Floating capital implies total capitalization less Directors shareholding. As per free float capitalisation methodology, the level of index at any point of time reflects the free float market value of 30 constituent stocks relative to a base period. The market capitalisation of a company is determined by multiplying the price of its stock by the number of shares issued by corporate actions, replacement of scrips. More
Catch Lovisha Darad in conversation with Osho Krishan, Sr. Analyst - Technical & Derivative Research, Angel One Ltd and Kranthi Bathini, Equity strategist at WealthMills securities pvt ltd
Nifty reclaimed the 24,400 mark, considered a key technical level by market participants.
Sensex, Nifty declined up to 2 percent as West Asia crisis spook investors.
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Foreign Institutional Investors (FIIs) extended their selling for the third consecutive session on March 2, offloading equities worth Rs 3,295 crore. On the other hand, Domestic Institutional Investors (DIIs) continued their buying streak for the fifth straight day, purchasing equities worth over Rs 8,593 crore.
Geopolitical conflicts tend to evolve in unexpected ways, particularly when multiple stakeholders are involved and strategic interests overlap, said Rohit Sarin of Client Associates.
Sensex Today | Stock Market LIVE Updates: Except IT, all other sectoral indices are trading in the red, with PSU Bank, realty, media, auto, metal down 2-3%. Nifty Midcap and smallcap indices down nearly 2% each. Tata Steel, Tata Motors Passenger Vehicles, SBI Life Insurance, L&T, JSW Steel are among major losers on the Nifty, while gainers included Coal India, Bharti Airtel, Infosys, Tech Mahindra and Sun Pharma.
South Korea's Kospi crashed more than 7% in its worst session since August 2024 amid rising geopolitical risks.
The key monitorable remains crude. If oil stabilizes, broader markets should absorb the geopolitical noise relatively quickly, said Divam Sharma.
The current assessment is that US doesn’t want a protracted war and is likely to terminate it in a matter of 4-6 weeks. In that case, the Indian markets should be quite resilient.
Trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will remain shut for the day on both the BSE and the NSE.
Analysts advised adopting a staggered investment approach over the next four to eight weeks instead of attempting to time the market bottom.
Biggest Nifty losers were L&T, Interglobe Aviation, Adani Ports, Tata Motors Passenger Vehicles, Adani Enterprises, while gainers included Bharat Electronics, Sun Pharma, ONGC, Dr Reddy's Labs and Hindalco.
#MarketUpdate | Risk-off sentiment swept across D-Street today as the Sensex slipped over 1,400 points, falling nearly 2%, while the Nifty extended losses for the second consecutive day, trading below 24,750. Heightened market volatility kept investors cautious, with the India VIX surging 28%. All sectoral indices came under pressure, with auto, oil & gas, and realty stocks among the worst hit. Crude-sensitive stocks showed mixed reactions: ONGC and Oil India gained amid a crude oil spike, while other companies continued to face selling pressure.
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On February 27, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 7536 crore, while Domestic Institutional Investors (DIIs) bought equities worth over ₹12,000 crore.
Biggest Nifty losers were L&T, Interglobe Aviation, Adani Ports, Tata Motors Passenger Vehicles, Adani Enterprises, while gainers included Bharat Electronics, Sun Pharma, ONGC, Dr Reddy's Labs and Hindalco. Except metals, all other sectoral indices ended lower with Auto, Consumer Durables, Oil & Gas down 2 percent each. The Nifty midcap and smallcap indices fell 1.5 percent each.
A further 5% correction cannot be ruled out if crude prices spike sharply or if global risk appetite weakens. Equity markets tend to react quickly to geopolitical uncertainty, especially when oil volatility influences inflation and currency movements simultaneously, said INVasset PMS' Anirudh Garg.
The current environment is admittedly clouded by uncertainty — the US-Iran conflict and the ongoing debate around AI's economic impact are creating visible headwinds for market sentiment, said Narnolia's Shailendra Kumar.
FII flows will be vulnerable to these developments like geopolitical tensions, which means EMs markets could see further pressure in short term, said Ankur Jhaveri of JM Financial.
On Monday, the market is expected to see a gap-down opening following the Middle East tensions, while auto stocks will react to the February numbers announced on March 1. In the truncated week ahead, selling pressure may widen only if there are major oil and gas supply concerns, as that would increase trade costs and impact inflation and the fiscal deficit.
There can be delays in private capex as capex expansion depends on many factors such as demand uncertainty due to tariffs, and raw materials prices fluctuations, said Alpha Capital’s Pankaj Kumar.
Bay Capital's Nikunj Doshi believes that current phase of market provides opportunities for identifying long-term investments. USD and Gold are considered best hedges against global volatility and will continue to remain strong as long as geopolitical tensions remain high.
The Nifty has slipped below the 25,400 support, and is hovering near a gap area. A decisive break below 25,000 could open the door for further fall. Friday’s decline of over 1% each in Sensex and Nifty was part of a broader corrective tone driven by weak global cues and geopolitical tensions.
Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.