Markets Rangebound: Nifty Below 22,900, Sensex Slips 300 Points Amid Sectoral Weakness

Indian equity markets remained under pressure on February 21, with the Nifty slipping below 22,900 and the Sensex shedding over 300 points. Auto, banking, and technology stocks faced significant selling pressure, dragging broader indices lower. At 1:30 PM, the Sensex was down by 460 points at 75,271, while the Nifty traded at 22,773, marking a 0.7% decline. Concerns over U.S. tariffs, persistent FPI outflows, and muted earnings outlook weighed on sentiment. However, midcap and smallcap indices showed resilience, outperforming benchmarks. Analysts expect markets to remain rangebound with key support at 22,800 and resistance near 23,150.

Source: Moneycontrol