Market Wrap Feb 27: Nifty Breaks 25,200 as FII Selling Intensifies | Sensex Crashes 960 Points
Market Pulse: The Indian indices witnessed a brutal sell-off today, marking one of the worst sessions in recent weeks. Panic gripped Dalal Street as the Nifty 50 closed at 25,179, down 1.25%, while the Sensex plummeted to 81,287.
Key Highlights:
- The Crash: Over ₹5 lakh crore of investor wealth was wiped out in a single day.
- Top Losers: Adani Enterprises, Maruti Suzuki, and Bharti Airtel led the decline.
- The Sector View: Nifty Realty and Nifty PSU Bank were the worst hit, falling over 2.5% each.
- Institutional Flow: Provisional data shows FIIs (Foreign Institutional Investors) pulled out over ₹4,000 crore today, spooked by rising global yields.
What to expect on Monday: Keep a close watch on the 25,000 mark for Nifty. If it fails to hold this level, we could see a slide toward 24,800.
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