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HomeMarket NewsSensex Today | Stock Market Highlights: Markets slide over 1% as tech selloff intensifies; Nifty falls below 25,500
Stock Market Live Updates: Markets opened largely lower and have continued to decline in trade today. Nifty 50 continues to trade around 200 points lower, dragged by IT stocks.
(Photo Credit :
CNBC-TV18
)
Stock Market Highlights:
Benchmark indices snapped a two-day gaining streak and ended sharply lower, with IT stocks dragging the market deep into the red. The Sensex plunged 1,069 points to close at 82,226, while the Nifty fell 288 points to settle at 25,425, both benchmarks declining over 1%.
Market breadth remained firmly negative, with the NSE advance-decline ratio at 2:5, signalling broad-based selling pressure.
The Nifty slipped below the 25,450 mark, weighed down by heavy losses in tech counters. Tech Mahindra, HCLTech, Eternal and Infosys emerged among the top losers on the index. Eternal extended its slide, falling nearly 11% over the last five sessions.
IT stocks remained under sustained pressure. The Nifty IT index declined for the fifth straight session, sliding nearly 5% in today’s trade. The index has tumbled 21% over the past month, with Coforge alone slumping nearly 26% during the period. Midcap IT names including LTIMindtree, KPIT Technologies, Persistent Systems, Coforge and Tata Technologies featured among the top losers in the broader market.
The Nifty Bank index slipped 217 points to end at 61,047, while the Midcap index declined 189 points to close at 59,066, reflecting weakness across segments.
Textile stocks were also under pressure after the government cut the RoDTEP incentive by 50%. Gokaldas Exports dropped over 5% following the announcement.
On the gaining side, One MobiKwik Systems rose over 2% after the company received BSE approval to commence its stock broking business.
MRPL gained more than 2% after announcing that its board will meet on March 3, 2026, to consider an interim dividend for FY26.
Overall, benchmark indices underperformed amid persistent IT selling and weak market breadth, as investors turned cautious after the recent rally.
Watch this space for all the LIVE Updates.
