Nifty last close: 22545.05 (-0.01%)
Indian equity indices ended with no change in the muted session on February 27 (F&O expiry day)
Nifty set to lose for 5th consecutive series, a first since 1996
The last time the Nifty endured five consecutive months of decline was between July and November 1996
Before that, its longest slide stretched for eight months, From September 1994 to April 1995
Nifty50 and Sensex have slumped around 4 percent in February alone
Sensex was up 10.31 points or 0.01 percent at 74,612.43
Nifty was down 2.50 points or 0.01 percent at 22,545.05
Except bank and metal, all other sectoral indices ended in the red
Auto, media, energy, capital goods, realty, power down 1-2 percent
Midcap index shed 1 percent, and smallcap index fell 2 percent
The Foreign institutional investors (FIIs) sold equities worth Rs 556 crore on February 27
However, domestic institutional investors (DIIs) bought equities worth Rs 1727 crore
Trump put an additional 10% tariff on China that
Alongside 25% tariffs on Canada and Mexico, will go into effect on March 4
Chinese policymakers may respond to the new 10% tariff on Friday
The S&P 500 and Nasdaq ended sharply lower on Thursday
The S&P 500 dropped 1.59% to end the session at 5,861.57 points
The Nasdaq tumbled 2.78% to 18,544.42 points
Dow Jones Industrial Average declined 0.45%
Dollar index spiked to 107.20
The yield on 10-year Treasuries fell 58 basis points to 4.23%
Asian markets falling sharply on Feb 28
Nikkei down 2.5% and Hangseng down 2%
GiftNifty indicates a gap down opening for the index
Nifty is facing a intraday resistance 22575 and 22600
Above 22600 will try to move 22660
On other side, Nifty considering a supports 22500 and 22440
Below 22440 finding a next support around 22350
Updated: 08.59 am / 28th Feb 2025
