Indian Stock Market Report

Market Overview

On February 27, the Indian stock market witnessed sharp losses in intraday trade, with the Sensex plummeting over 600 points to an intraday low of 81,620, and the Nifty 50 declining by nearly 1% to hit the day's low of 25,272. The benchmark indices were dragged down by profit booking in banking, auto, metal, and FMCG counters, amid persisting uncertainty over the US-Iran nuclear talks, inconsistent foreign capital flow, and caution ahead of Q3 GDP numbers.

Most Traded Stocks

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

The following stocks were among the most traded on the NSE:

• Vishal Mega Mart: Over 75 crore shares changed hands by 12:30 pm, as the stock crashed over 8% after a large block deal. The promoter entity, Samayat Services LLP, backed by Kedaara Capital, had planned to sell up to 305 million shares at ₹115 each.
• Vodafone Idea: More than 16.5 crore shares changed hands, with the telecom stock declining by about 1% during the session.
• Tejas Networks: Over 8 crore shares changed hands by 12:30 pm, as the stock surged 16% during the session after surging 17% in the previous session.
• Jaiprakash Power Ventures: Over 8 crore shares changed hands by 12:30 pm, as the stock jumped nearly 9% in a weak market.
• Redington: Nearly 5 crore shares changed hands as the stock surged 16% on the NSE.

Other Notable Stocks

Other notable stocks that were among the most traded on the NSE include:

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

• Nippon India Silver ETF
• Eternal
• Tata Gold Exchange Traded Fund
• Ola Electric Mobility
• Sagility
• Suzlon Energy
• Reliance Power
• Nippon India ETF Gold Bees
• IDBI Bank
• GTL Infrastructure
• Bank of Maharashtra