India’s domestic equity markets, Sensex and Nifty 50, experienced their steepest decline in nearly five months on Friday, February 28, 2025, driven by foreign capital outflows and concerns over US tariff policies. Investors were left anxious as the NSE benchmark Nifty 50 posted its longest monthly losing streak since 1996.
The BSE Sensex plummeted 1,414.33 points (1.90%), closing at 73,198.10. During the trading session, it hit an intraday low of 73,141.27, marking a sharp decline of 1,471.16 points (1.97%). Meanwhile, the Nifty 50 fell 420.35 points (1.86%), settling at 22,124.70, extending its eight-session losing streak.
Nifty 50 top losers this week
Technology Sector
Tech Mahindra Ltd. recorded a sharp drop, with its stock price falling by 6.3%, bringing it to Rs. 1487.9. The weekly change for the stock stood at -9.8%. Similarly, Wipro Ltd. saw a decline of 5.7%, closing at Rs. 277.7, with a weekly decrease of 9.4%. HCL Technologies Ltd. and Infosys Ltd. also faced downturns, with HCL Technologies down by 3.3% and Infosys declining by 4.3% over the last day.
Tata Consultancy Services (TCS), a key player in the IT industry, experienced a 3.6% drop, with the stock now valued at Rs. 3483.3. The stock has suffered an 8% decline over the past week.
Automotive Sector
Tata Motors Ltd. saw its stock decline by 4.3%, now trading at Rs. 620.7. Bajaj Auto Ltd. also reported a 4% drop, bringing its stock to Rs. 7902.9. The weekly losses for these companies stand at 7.8% and 7.1%, respectively.
Cement Industry
UltraTech Cement Ltd. recorded a 3.1% decline in its stock price, closing at Rs. 10,128.5. The company’s weekly drop stands at 9.2%.
Energy Sector
Oil and Natural Gas Corporation (ONGC) and Bharat Petroleum Corporation Ltd. (BPCL) also saw their stocks in the red. ONGC recorded a 2.5% drop, closing at Rs. 225.3, while BPCL saw a 3% decline, bringing its stock price to Rs. 237.3. The weekly losses for these companies stood at 6.1% and 5.6%, respectively.
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