Sensex today extended the risk-off tone as the index fell 961 points to 81,287, while Nifty today dropped 318 to 25,178. About ₹5.5 lakh crore in market value was erased as autos, FMCG, realty and pharma led declines. FII selling of ~₹3,466 crore, weak global tech cues, rupee slippage and unresolved U.S.–Iran talks kept traders defensive. Into February 28, the India stock market will watch the 25,100–25,200 Nifty support zone flagged by Bajaj Broking for signs of stability and potential intraday reversals. Momentum may stay choppy until foreign flows steady and global risk signals improve.

FII selling and global cues

Sensex today reflected the drag from FII selling, with provisional data indicating ~₹3,466 crore of net outflows. Persistent overseas selling often weighs on large caps first and then trickles to midcaps as liquidity thins. For Nifty today, dips accelerated when bids vanished near the close, pointing to low risk appetite. Sustained selling pressure keeps rallies shallow unless domestic flows absorb supply.

Overnight weakness in global tech dampened sentiment and narrowed breadth across Indian indices. Risk proxies stayed soft, limiting any morning bounce. Closing data and market color pointed to a late selloff that deepened losses, as highlighted by Economic Times coverage source. Early trade cues also flagged pressure from foreign fund outflows, per The Hindu source.

A softer rupee often nudges foreign investors to pare exposure, and that currency drift added to equity weakness. Ongoing U.S.–Iran tensions kept crude and risk sentiment in focus, raising headline risk. Sensex today mirrored that caution, with traders avoiding leverage ahead of event risk. Unless the rupee steadies and geopolitical newsflow cools, bounces may stay selective and short-lived.

Levels to watch on Nifty and Sensex

The 25,100–25,200 area on Nifty today is a widely watched support zone cited by Bajaj Broking. The index closed at 25,178, making this band crucial for intraday tone. A firm hold can trigger short covering, while a decisive slip may test the 25,000 psychological mark. On Sensex today, round numbers near 81,000 and 82,000 can act as intraday pivots during swings.

Intraday ranges have widened, so traders may consider smaller position sizes, tighter stops and booking partial gains quicker. Avoid chasing gaps against the trend near key levels. For Nifty today, waiting for confirmation above prior highs or below day lows can help filter noise. Keep a watch list ready, but prioritize discipline over aggressiveness when liquidity thins.

Key trackers include the rupee trend versus the dollar, moves in Asian and U.S. equity futures, and crude price action. Provisional FII and DII flow updates after the close offer clues on follow-through. For Sensex today, sustained strength in market breadth and advance-decline ratios would signal improving risk appetite. Watch sector leadership shifts to gauge whether the dip is being bought.

Sector snapshot and trading approach

Autos and FMCG bore a large share of the selling as investors moved to reduce cyclical and consumer exposure. Nifty today saw defensive bids fail to hold, suggesting portfolio de-risking rather than stock-specific issues. For short-term traders, deeper dips into prior demand zones may offer quick mean-reversion trades, but only with clear reversal candles and defined risk.

Rate-sensitive realty and steady-earnings pharma both faced selling, pointing to broad-based caution. Liquidity withdrawal and FII selling tend to compress valuations first in higher beta pockets. Sensex today echoed that tone as sector indices tracked the headline fall. Consider monitoring delivery volumes on down days to separate panic exits from normal profit-taking.

Treat the 25,100–25,200 zone as a decision area. If Nifty today holds and builds higher lows, intraday longs with tight stops can work. If it breaks and sustains below, stay light and wait for a base. Avoid averaging losers. Use staggered entries, and trail stops to protect gains during fast reversals.

Final Thoughts

The message from Sensex today is clear. Foreign outflows, weak global tech, a soft rupee and geopolitical risks have tilted the tape in favor of sellers. Nifty today sits on a key 25,100–25,200 support band flagged by Bajaj Broking. A durable recovery needs that zone to hold, plus signs of steadier foreign flows and better breadth. For traders, it is a market for tight risk, quick decisions and respect for levels. For investors, staggered buying in quality leaders on sharp down days can improve entry points without betting on perfect timing. Keep watch on the rupee trend, crude, and sector leadership to judge if today’s bounce, if any, carries beyond the first hour.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.