Markets Log Third-Worst Weekly Fall of 2026; Nifty IT Plunges 19% in February

• Indian equity benchmarks BSE Sensex and NSE Nifty recorded their third-worst weekly fall of 2026, with all major indices closing in the red.
• Benchmark indices declined nearly 2% for the week, while the Midcap index and Nifty Bank fell almost 1% each.
• Nifty 50 slipped below its 200-day moving average, wiping out all gains made after the Union Budget 2026.
• Nifty Realty and Nifty IT were the worst-performing sectoral indices, dropping over 4% each; Nifty IT saw its worst monthly performance since September 2008, falling over 19% in February.
• Bharti Airtel, Eternal, Tech Mahindra, Trent, and Wipro were among the top Nifty losers, contributing to the broad-based market decline.