Top Gainers and Losers in Indian Markets: February 24

Indian Stock Market Plunges Amid AI Fears and Geopolitical Tensions

Market Overview

The Indian stock market experienced a sharp sell-off on Tuesday, with the key benchmark indices recording their fourth consecutive decline of over 1% in February. The Nifty 50 crashed 1.12% to 25,424, while the Sensex tumbled 1.28% to 82,225. The broader markets also witnessed significant losses, with the Nifty Midcap 100 and Nifty Smallcap 100 indices falling over 0.30%.

Sectoral Performance

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The Nifty IT index was the top laggard, plummeting 4.74% after a report from Citrini Research amplified concerns about businesses vulnerable to the growing influence of artificial intelligence. The index has now fallen 21% in February, putting it on track for its steepest monthly decline since 2003. All constituents of the index have entered bear market territory, with each stock falling more than 20% from its recent high.

The Nifty Realty index also suffered significant losses, falling 2.54%, followed by the Nifty Media and Nifty Auto indices, which declined 1.31% and 0.45%, respectively. On the other hand, the Nifty Metal index withstood the sell-off, rising 0.93%, while the Nifty Oil and Gas index closed with a 0.5% gain.

Gainers and Losers

In terms of gainers, Natco Pharma rallied 5.8% to ₹944 apiece, while Endurance Technologies gained 5.2% to ₹2,687 apiece. Blue Jet Healthcare shares advanced 4.6% to ₹409 apiece, while Bandhan Bank surged 4% to ₹181 apiece, the highest level since July 2025.

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On the other hand, L&T Technology Services was the top laggard, falling 8.5% to ₹3,148. LTIMindtree also lost 6.8% of its value, falling to a fresh one-year low of ₹4,501 apiece. Affle 3i, Tech Mahindra, Persistent Systems, Coforge, HCL Technologies, KPIT Technologies, Zensar Technologies, Info Edge (India), Signatureglobal, Hexaware Technologies, Firstsource Solutions, Tata Elxsi, and Tata Technologies were among the tech stocks that fell over 5%.

Trade and Tariffs

US President Donald Trump warned countries against abandoning newly negotiated trade deals, saying he could impose much higher duties under other trade laws. The threat of higher tariffs and ongoing tensions in the Middle East pushed crude oil prices to a seven-month high.