Sensex Drops 961 Points, Nifty Falls Over 300 Points Amid Middle East Tensions
Indian stock markets ended sharply lower as rising Middle East tensions and US-Iran nuclear deal concerns triggered heavy selling. Sensex fell 961 points while Nifty dropped 317 points.
Prasanth Subramani
Indian stock markets ended in deep red on February 27 as escalating tensions in the Middle East weighed heavily on investor sentiment.
The BSE Sensex opened at 82,220.48 and witnessed sharp selling pressure during the session. By the end of trading, the index had plunged 961.42 points (1.17%) to close at 81,287.19.
Similarly, the NSE Nifty 50 declined by 317.90 points (1.22%) to settle at 25,178.65. Broader markets also suffered losses, with the Nifty Midcap and Nifty Smallcap indices falling 1.14% and 1.10% respectively.
Sector-wise, Nifty Realty and Financial Services were the worst hit, declining 2.3% and 2.1% respectively. Only select sectors such as Media, IT, and Consumer Goods managed to end in positive territory, while most others closed with losses.
Among major losers were ICICI Bank, Sun Pharmaceutical Industries, HDFC Bank, and Mahindra & Mahindra. Out of the 30 Sensex stocks, only four — Trent, HCL, Infosys, and Eternal — managed to register gains.
Market capitalization reportedly eroded by approximately ₹5.5 lakh crore during the session due to the heavy sell-off.
Meanwhile, the Indian rupee weakened slightly by 0.07% to close at 90.97 against the US dollar.
Experts attribute the sharp decline primarily to rising geopolitical tensions in the Middle East, particularly concerns surrounding ongoing US-Iran nuclear negotiations, which have increased uncertainty in global markets.
Source: Dinamani
