Why did the Nifty and Sensex plunge on Friday?

The Nifty and Sensex experienced significant declines on Friday due to widespread selling pressure across the market.

Which sectors were major laggards in the Indian market on Friday?

The auto, financial, and FMCG sectors were major laggards during Friday's trading session.

Did any sector see buying activity amid the market downturn on Friday?

Yes, the IT sector saw selective buying action despite the broad selling pressure in the market on Friday.

Home / Business and Economy / Indian Markets Plunge on Friday

Indian Markets Plunge on Friday

27 Feb

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Summary

Benchmark indices Nifty and Sensex ended with significant losses.
Auto, financials, and FMCG sectors were major laggards on Friday.
IT sector experienced selective buying amid broad selling pressure.

Indian stock markets experienced a sharp downturn on Friday, with both benchmark indices, Nifty and Sensex, closing significantly lower. The session was marked by broad selling pressure across various sectors.

The auto, financial, and fast-moving consumer goods (FMCG) segments were particularly hard-hit, registering substantial losses. Conversely, the information technology (IT) sector witnessed selective buying interest amidst the overall market weakness.

In a volatile trading day, the Nifty index saw a notable decline of 317.90 points, equivalent to 1.25%, to finish at 25,178.65. Similarly, the 30-share Sensex experienced a significant plunge of 961.42 points, or 1.17%, settling at 81,287.19. The day's trading highlighted a cautious sentiment among investors, with a clear preference for defensive IT stocks over other sectors.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.