Markets See Third-Worst Weekly Drop of 2026; Nifty IT Experiences Sharp February Slump
Loading more articles...
Markets Log Third-Worst Weekly Fall of 2026; Nifty IT Plunges 19% in February
C
CNBC TV18•27-02-2026, 15:59
Markets Log Third-Worst Weekly Fall of 2026; Nifty IT Plunges 19% in February
•Indian equity benchmarks BSE Sensex and NSE Nifty recorded their third-worst weekly fall of 2026, with all major indices closing in the red.
•Benchmark indices declined nearly 2% for the week, while the Midcap index and Nifty Bank fell almost 1% each.
•Nifty 50 slipped below its 200-day moving average, wiping out all gains made after the Union Budget 2026.
•Nifty Realty and Nifty IT were the worst-performing sectoral indices, dropping over 4% each; Nifty IT saw its worst monthly performance since September 2008, falling over 19% in February.
•Bharti Airtel, Eternal, Tech Mahindra, Trent, and Wipro were among the top Nifty losers, contributing to the broad-based market decline.
