Indian shares decline as geopolitical caution spurs broad selloff

Feb 27, 2026, 12:15 GMT+7
By Bharath Rajeswaran
Reuters - Indian shares fell on Friday, with broad-based declines outweighing an uptick in IT stocks, as investors remained uncertain about Washington's next course of action on Iran while awaiting key GDP data.
The Nifty 50lost 0.66% to 25,328.90 and the BSE Sensexshed 0.56% to 81,788.53 as of 10:34 a.m. IST.
Barring IT, the other 15 major sectors declined. The broader small-capsand mid-capsfell 0.8% each.
IT stocksrose 0.75% on Friday, but the index is down about 19.1% in February and on course for its worst month since the 2008 global financial crisis, as concerns over AI-led disruption continue to weigh.
This selloff has capped gains in the benchmarks this month, with the Nifty rising a mere 0.1%, while the Sensex has dropped 0.5%.
Friday's losses were led by index heavyweights HDFC Bank, ICICI Bankdropping 1% each and Reliance Industries!losing 0.5%.
"There is a cautious undertone in markets due to uncertainties over the next U.S. course of action regarding Iran, which tempered risk-taking and kept investor sentiment guarded," said Ponmudi R, chief executive of Enrich Money.
Oil prices eased from near seven-month highs on Friday after Washington and Tehran extended nuclear talks amid worries of supply disruption due to potential hostilities.
Among domestic stocks, Vishal Mega Martlost 6.7% on a report that top shareholder Samayat Services is likely to sell a stake in the company.
State-owned e-commerce service provider MSTC rose 2.2% after emerging as the lowest bidder for a tender hosted by Coal India.
Investors now await India's GDP data for the December quarter, due later in the day. The print will be the first under the new series, with the base year shifted to 2022-23 from 2011-12.

Sumber : Reuters