Stock market today: RIL, TCS to Tata Motors— 908 BSE-listed shares hit 52-week low. Do you own any?

Stock market today: The sharp downturn in the Indian stock market has affected shares across various sectors, causing 908 BSE-listed stocks to hit their 52-week lows on Friday, February, 28. 

Adani Green Energy, Asian Paints, Bank of Baroda, Bharat Forge, Bharat Petroleum Corporation Ltd (BPCL), Canara Bank, DLF, Dr. Reddy's Laboratories, GAIL, Hero MotoCorp, Indian Oil Corporation, Jio Financial Services, Larsen & Toubro, Pidilite Industries, Punjab National Bank, Power Grid Corporation of India, REC, Reliance Industries Ltd (RIL), State Bank of India, Tata Motors, Tata Consultancy Services (TCS), Tube Investments of India, Varun Beverages, and Yes Bank touched their 52-week lows in intraday trade on the BSE on Friday, February 28.

Within the lower circuit limits of (-5% to -10%) on the BSE for all groups, several stocks that hit their lower circuits on Friday included Orchid Pharma, V2 Retail, Lokesh Machines, Websol Energy System, Arcee Industries, AHAsolar Technologies, Indo Tech Transformers, Hubtown, Ceinsys Tech, and Sayaji Industries.

Sensex plunged 1,414.33 points to settle at 73,198.10; and Nifty 50 tanked 420.35 points to 22,124.70.

As per stock market analysts, the decline in the Indian stock market can be attributed to five key factors: concerns over poor earnings from Indian banks, changes in MSCI, domestic institutional investors (DIIs) facing obstacles at elevated levels, increasing US bond yields, and foreign institutional investors (FIIs) shifting their investments from India to China.

Foreign portfolio investors have sold Indian shares worth ₹1,13,721 crore on a net basis so far in 2025, as pointed out by Puneet Singhania, Director at Master Trust Group.

Vinod Nair, Head of Research at Geojit Financial Services, indicated that the national market faced a significant downturn due to increased bearish sentiment largely driven by unfavorable global indicators. This decline was primarily instigated by concerns over the impending imposition of a 25% tariff on U.S. imports from Canada and Mexico, scheduled to commence next week, in addition to a 10% tariff on Chinese products. As investors maneuver through this uncertainty, all attention is focused on the domestic Q3 GDP data, which could offer crucial insights into the pathway of economic recovery and affect market trends.

Market today

The Nifty 50 faced a significant decline for the eighth consecutive day, closing down 5.88% this February. This month marked the fifth successive drop for the Nifty 50, a situation not witnessed since 1996. From its peak, the Sensex has decreased by 13.22%, while the Nifty has dropped by 16.06%. The Nifty Mid-cap 100 index has decreased by 21%. The Nifty Small-cap index has plummeted by 26% from its record high.

Nifty 50 Outlook

According to Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, investor sentiment weakened following to continued fear of Trump's tariff war announcement and fueling broad-based selloff in the market across the sector. Relentless selling pressure from FII's and now it looks that domestic investors are also facing the similar heat. Long story short: Nifty 50 witnesses an uninspiring session for the 7th day in a row. Strictly speaking, here are negative catalysts which suggests more chaos may be coming and it looks like 21,700 can be retested in coming few weeks.

"Nifty experienced a significant decline on Friday, shedding over 400 points after a consolidation breakdown. The RSI remains bearish but has entered the oversold zone. In the near term, Nifty is expected to find support around 21,800-22,000. A sustained move above 21,800 could lead to a significant recovery, while failure to hold this level may trigger another sharp decline," added Rupak De, Senior Technical Analyst at LKP Securities.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.