Indian stock market: Both benchmark indices – Sensex and Nifty – closed at nearly 1% down on Friday, February 27, driven by persistent geopolitical tensions and a sharp spike in crude oil prices.
The Sensex tumbled 961 points, or 1.17%, to settle at 81,287.19, while the Nifty 50 slumped 318 points, or 1.25%, to close at 25,178.65. Broader markets also faced pressure, with the BSE 150 MidCap Index dropping 1.09% and the BSE 250 SmallCap Index falling 0.86%.
“Equity markets ended the week under notable pressure as persistent geopolitical tensions and weakness in technology stocks weighed on sentiment. After an initially positive start, benchmark indices traded lacklustre through the middle of the week. However, a sharp decline in the final session pushed bulls onto the back foot,” said Ajit Mishra – SVP, Research, Religare Broking Ltd.
(This is a developing story)
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