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On February 24, 2026, India’s Nifty 50 index extended losses, trading down nearly 1% by late morning. At 10:55 AM IST, the benchmark slipped 248 points to 25,464, while the Sensex fell 872 points to 82,421. Weak global cues and IT sector drag weighed on investor sentiment.
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Key Highlights:
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Index Performance: At 10:55 AM IST (Feb 24, 2026), the Nifty 50 dropped 248 points to 25,464, extending early losses. The BSE Sensex fell 872 points to 82,421.
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Sector Impact: The IT index plunged over 3.5%, dragging benchmarks lower. Persistent Systems shares fell nearly 7%, while other tech majors also faced selling pressure.
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Global Cues: Weakness in Asian markets and renewed tariff concerns from the US added to investor caution.
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Market Context: Today marks the final trading session of the February F&O series, with Nifty stuck in a 500-point range between 25,500 and 26,000.
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Broader Market: MidCap and SmallCap indices also declined, reflecting widespread weakness across sectors.
Contextual Insights:
Analysts attribute the decline to profit-booking in IT stocks, global uncertainty, and cautious positioning ahead of derivatives expiry. Despite today’s fall, Nifty has gained over 400 points in the February series, suggesting underlying resilience. Investors are advised to monitor global developments and sectoral trends closely as volatility persists.
Sources: CNBC-TV18, The Hindu BusinessLine, Business Standard
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