Nifty 50, Sensex suffer biggest intraday drop of 2025; IT stocks hit hard—10 key highlights of stock market today | Stock Market News

Indian stock market crash today: A wave of selling across the board in today’s session, February 28, has sent both Nifty 50 and Sensex to record their worst intraday performance in the current calendar year so far. Escalating trade tensions have prompted investors to flee from equities at an accelerated pace, leaving stocks to plunge sharply and erasing significant market value.

The broader market has seen more intense selling pressure as valuation concerns continue to weigh on investor sentiment, resulting in a more severe fall. All 13 major sectoral indices ended the session in negative territory.

Stock market today: 10 key highlights

Here are 10 key highlights of the Indian stock market today:

Nifty 50, Sensex: Worst intraday performance

The Nifty 50 ended the session with a 1.85% decline, closing at 22,128 points, marking its biggest single day fall of 2025. Likewise, the Sensex also recorded its worst intraday fall of the year, tumbling 1.90% to 73,198 points. Both indices wrapped up February with nearly 6% drop and closed in the red for the fifth consecutive month.

Today’s selling has pushed the Nifty 50 down 4,149 points (16%) from its September peak of 26,277 points. Similarly, the Sensex has plunged 12,780 points (15%) from its peak of 85,978.

Infosys, Airtel, and 3 other stocks contribute 47% to Nifty 50’s fall

The sharp drop in shares of Infosys, Bharti Airtel, ICICI Bank, TCS, and Mahindra & Mahindra collectively accounted for 195 points, or 47%, of the Nifty 50’s 420-point decline in today’s session.

Infosys emerged as the top contributor, dragging the index down by 57.3 points.

Nifty IT: Worst sectoral performer

The Nifty IT index, which tracks the performance of 10 leading IT companies, has emerged as the worst-performing sector today, ending the session with a 4.18% decline, hitting a six-month low of 37,167.

Today’s decline is also the index’s biggest intraday drop since April 17, 2023, when it tumbled 4.71%. All 10 constituents of the index closed in the red, with Tech Mahindra, Persistent Systems, and Wipro posting losses of up to 6%.

Mid, small-cap indices tumble 2.5% each

Both mid-cap and small-cap indices continued to witness heavy selling pressure in today’s session, with the Nifty Midcap 100 ending 2.49% lower at 47,915 points, marking a 22% decline from its peak.

Likewise, the Nifty Smallcap 100 index dropped 2.50%, closing at 13,844 points, resulting in a 26% correction from its peak of 19,640 points.

45 Nifty 50 stocks end in red

Of the 50 constituents in the Nifty 50 index, 45 stocks ended with deep cuts, led by tech stocks such as Tech Mahindra and Wipro, which dropped 6.3% and 5.7%, respectively. Tata Group stocks, including Titan Company, Tata Consumer Products, Tata Motors, TCS, and Tata Steel, declined between 1% and 5%.

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On the winning side, HDFC Bank managed to end the session with a gain of 1.19%, followed by Shriram Finance and Hindalco Industries, which rose 1.7% and 0.4%, respectively.

Market crash wipes out nearly ₹9 lakh crore in wealth

Investors lost ₹9 lakh crore in today’s session, bringing the total wealth erosion for the week to ₹20 lakh crore, signaling deepening pain in the market. The relentless selling by overseas investors, driven by both global and domestic concerns, is heavily weighing on market sentiment, leading to heightened volatility and sustained pressure on equities.

Additionally, selling pressure has intensified in recent sessions, as experts believe retail investors, family offices, and HNIs have joined FPIs in offloading shares, leaving domestic institutional investors to absorb the bulk of the selling.

148 Nifty 500 stocks hit fresh 1-year lows

According to Trendlyne data, 148 constituents of the Nifty 500 index tumbled to fresh 52-week lows in today’s session. Some of the notable stocks include TBO Tek, Jio Financial Services, Oil India, Tata Technologies, Titagarh Rail Systems, Birlasoft, Sonata Software, Action Construction Equipment, RailTel Corporation, and Elgi Equipments.

20 stocks end with cuts between 10-20%

Overall, 20 stocks ended today’s session with sharp declines ranging between 10% and 20%, including well-known names such as Bombay Wire Ropes, TBO Tek, BSE, and Octaware Technologies.

High activity: Vodafone Idea, YES Bank see massive share turnover

Vodafone Idea stood as the top volume gainer today with 525 shares being exchnaged hands on both BSE and NSE. The stock ended the session with a drop of 3.21% at 7.5%. The second biggest volumer gainer in today’s session was YES Bank with 147.3 million changed hand. Other stocks such as Zomato, Suzlon Energy and GTL Infrastructure have also see over 100 million shares being exchanged today.

318 stocks locked in lower circuit limits

According to data available on the NSE, 318 stocks have touched their respective lower circuit limits, ranging between 5% and 10%.

Several stocks hit their lower circuit limits in today’s session, including Twamev Construction and Infrastructure, which declined 10% to close at ₹40.45. Likewise, ASK Automotive also touched the 10% lower circuit, settling at ₹355.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.