Stocks to Consider Under ₹100 Amid Global Market Volatility

Indian Stock Market Report - February 27, 2026

Market Performance

The Indian stock market experienced a steep selloff on Friday, February 27, with both the Sensex and Nifty indices declining by over 1% each. The Sensex fell 961 points, or 1.17%, to settle at 81,287.19, while the Nifty 50 dropped 318 points, or 1.25%, to close at 25,178.65.

Nifty 50 Technical Analysis

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The Nifty 50 index formed its fourth consecutive red candle, closing below the 200-day EMA, indicating a weakening medium-term trend and a shift in overall market structure towards bearishness. Immediate resistance is seen in the 25,300-25,350 zone, while a strong support base is positioned around 25,000-25,050. Notable put writing was observed at the 25,000 strike, along with aggressive call writing at the 25,400 strike, indicating a well-defined trading range.

Bank Nifty Technical Analysis

The Bank Nifty index opened on a negative note and moved lower, forming an intraday high of 61,086. The decline extended further with a sharp correction, dragging the index to an intraday low of 60,438.95, indicating strong selling pressure and aggressive profit booking. Immediate resistance is placed in the 60,800-60,900 zone, while the 60,200-60,300 range continues to act as a crucial support area for maintaining near-term stability.

Stock Recommendations

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Sumeet Bagadia, Executive Director at Choice Broking, has recommended the following three stocks to buy on Monday, March 2:

1. NMDC Steel: Buy at ₹40.57 | Target Price: ₹44.50 | Stop Loss: ₹38.70
2. Motherson Sumi Wiring India: Buy at ₹43.20 | Target Price: ₹47.30 | Stop Loss: ₹41.30
3. NMDC: Buy at ₹81.74 | Target Price: ₹88 | Stop Loss: ₹78