image sourced from original article at Indian benchmark equity indices ended sharply lower on February 27, with the 30-share Sensex falling 961.42 points to close at 81,287.19 and the 50-share Nifty declining 317.90 points to 25,178.65. Investor sentiment weakened amid fresh foreign fund outflows and negative global cues, leading to broad-based selling through the session.
Market participants remained cautious as geopolitical tensions escalated, particularly due to stalled nuclear negotiations between the United States and Iran. Analysts noted that uncertainty surrounding global developments and concerns related to artificial intelligence trends prompted investors to shift towards safer assets, while the absence of strong domestic triggers added to the risk-averse mood.
Foreign institutional investors sold equities worth 3,465.99 crore rupees, while domestic institutional investors provided some support by purchasing shares worth 5,031.57 crore rupees. Selling pressure was visible across sectors such as automobile, fast moving consumer goods, and pharmaceuticals, especially in the final hour of trade, as global macroeconomic factors continued to weigh on market direction.
