With 2,837 stocks traded on the Nifty, only 266 stocks advanced, while 2,511 stocks declined, and 60 stocks remained unchanged.

The market weakness was further highlighted by 689 stocks hitting their 52-week low, compared to just 5 stocks reaching a 52-week high. In addition to this, 233 stocks were locked in the lower circuit, whereas only 24 stocks hit the upper circuit.

The BSE IT index witnessed a sharp decline of 4% in the today's trading session, reflecting weakness across major technology stocks. Among the top losers were Coforge, Wipro, Persistent Systems, Mphasis, and Tech Mahindra, which saw significant drops in their share prices.

The BSE Auto index witnessed a sharp decline, dropping 1,402.88 points or 2.94%.

Among the major laggards, Maruti Suzuki led the fall with a 4.13%, followed by Motherson slipping 4.03%. TVS Motor and M&M also faced significant losses, declining 3.46% and 3.41%, respectively. Meanwhile, Ashok Leyland shed 3.29%.

As of 11:00 AM, the Sensex is trading at 73,638.32, down 974.11 points or 1.31%, while the Nifty stands at 22,250.15, losing 294.90 points or 1.31%.

All sectoral indices are trading lower, with IT, auto, and telecom down 2-3%. The BSE Smallcap index is down over 2%, shedding nearly 900 points, while the Midcap index has dropped 2.3%, losing over 900 points. The BSE Telecom index is down 2.8%, and the Auto index has slipped over 1,200 points or 2.66%.

In the early trading hours, all Sensex stocks traded in the red except ITC, which was the only gainer. The major laggards included IndusInd Bank, M&M, Tech Mahindra, Tata Steel, and NTPC.

On the other hand, in the Nifty, the gainers were Coal India and Grasim. The top losers in today's trading session were IndusInd Bank, M&M, NTPC, Maruti, and Tata Steel.

Indian equity indices, Sensex and Nifty, opened lower today, trading in the red. The Sensex was down 0.55% at 74,202.69, while the NSE Nifty opened at 22,350.70, declining by 0.86%.

In the pre-opening session, the Sensex was down 276.66 points or 0.37%, trading at 74,335.77, while the Nifty fell 44.40 points or 0.20% to 22,500.65.

"Yesterday's Nifty movement was slow and uninspiring, much like a tortoise, with a narrow range resembling porcupine spines. This Friday, Gift Nifty indicates a similarly lacklustre start, raising questions about whether market volatility has eased. However, negative catalysts persist, including weakened investor sentiment following Trump's announcement of a 25% tariff on EU imports and Nvidia's mixed quarterly results," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

"FIIs have sold over Rs 1,34,165 crore in 2025. On the bright side, WTI oil prices have dipped to $69.50 per barrel, and India VIX stands at 13.30. Technically, Nifty’s strength depends on surpassing the 24,074 mark, with downside risks at 22300 and 21281," he added.

Wall Street tumbled on Thursday, with the S&P 500 falling 1.59% to 5,861.57, the Nasdaq dropping 2.78% to 18,544.42, and the Dow Jones slipping 0.45% to 43,239.50.

Furthermore, US President Donald Trump announced a 25% tariff on imports from Canada and Mexico, set to take effect on March 4, citing concerns over drug trafficking. He also declared an additional 10% tariff on Chinese exports, escalating trade tensions and adding pressure to global markets.

Asian markets slipped on Friday after US President Donald Trump announced new tariffs on imports from Mexico and Canada, set to take effect next week. Australia’s S&P/ASX 200 fell 0.86%, Japan’s Nikkei 225 dropped 0.9%, and the broader Topix index declined 0.68% in early trade.