Nifty falls below 25,300 as market extends losses; Afcons at record low

By Admin

27 Feb, 2026

Market Under Heavy Pressure

Indian equity markets remained under immense pressure as selling intensified across key sectors. The Nifty index slipped below the 25,300 level, extending its losses and reflecting weak investor sentiment. The index is down over 100 points, struggling to hold crucial support zones.

Similarly, the Sensex dropped nearly 250 points, hovering around the 82,000 mark, highlighting broader market weakness.

Among the biggest laggards were major heavyweights including Maruti Suzuki, Bharti Airtel, Mahindra & Mahindra, and Cipla, which dragged the indices lower.

Banking Stocks Add to the Pressure

The Nifty Bank index also remained under significant stress, falling another 250 points and slipping below the 61,000 mark. Banking stocks, being major contributors to index movement, played a crucial role in amplifying volatility.

The Nifty will now look to move past the resistance band of 25,650 in order to regain upward momentum. However, much will depend on the performance of banking majors and index heavyweight Reliance Industries. The recent volatility in these stocks has resulted in the benchmark index wavering at higher levels.

IT Stocks Provide a Silver Lining

Amid widespread selling pressure, the IT sector emerged as the only bright spot. Shares of HCLTech, Tata Consultancy Services, and Wipro traded in the green, offering some relief to the broader markets.

Technology stocks will remain in focus following global cues, particularly after market reactions to results from Nvidia and the fall seen in Salesforce during extended trading sessions. Global tech sentiment often influences Indian IT counters, making this sector critical in the coming sessions.

Technical Outlook: Key Levels to Watch

Despite multiple attempts by bears on Thursday, the Nifty managed to defend the 25,400 mark on the downside. However, with the index now slipping below 25,300, market participants will closely monitor whether this level turns into a fresh resistance or if a rebound emerges.

The immediate resistance remains near 25,650, while support is seen around the recent defended zones. Sustained weakness in banking and heavyweight stocks could continue to weigh on the market.

Afcons at Record Low

Adding to the negative sentiment, Afcons hit a record low during the session, reflecting the broader weakness in infrastructure and capital goods counters. The decline signals cautious investor positioning amid ongoing volatility.

Conclusion

The Indian markets are navigating a phase of heightened volatility, with banking and heavyweight stocks leading the downside. While IT stocks offer some resilience, the broader trend remains cautious. Investors will closely watch global cues, banking movements, and key resistance levels in the Nifty to determine the next direction.

The coming sessions will be crucial in deciding whether the market stabilizes or extends its corrective phase further.