Ganesh Komma breaks down the market on February 24, 2026: Nifty 50 dropped 1.12% while tech stocks like Infosys and TCS weakened. Gold fell 1% to ₹16,027 per gram. IBM's 13% plunge in the U.S. added to negative sentiment, though some defensive plays held up.
Market snapshot for 24 February 2026 Markets moved sharply lower on Tuesday as risk of sentiment dominated trading with key domestic indices, erasing prior gains amid weak global clues and also a sector wide selling Nifty is down by around 1.12% within the range and it has unfilled the gap which has signified that underlying strength is still available in Nifty50. Nifty junior is up by 0.08%, mid cap down by 0.28 and small cap by 0.6 recovered from their lows. Nifty banking is down by 0.35% no major levels broken Looking at the commodities, yes commodities Gold has been down by 1% each gram trading at around 16,027, silver at 2 72,000. Looking at the key sectors, it has been one of the sector which has underperformed sharply with heavyweight names dragging the index lower in one of the steepest sectoral declines this month falling around 22%. Only this month banking stocks showed mixed reaction while SBI narrowly outperformed relative to the wider market. Several private bank names weakened with the broader sell off in the market. Reliance Industries managed a modest uptick outperforming the benchmark, albeit marginally in a risk of environment. And if you look at the pressure, yes pressure was clearly visible across major caps including notable softness in technology. Majority of the IT companies like HCL Tech, Infosys Tech, Mahindra, TCS and other names. Market Mood Overall market sentiments tilted negative amid weak global headwinds and sector rotation. Despite the downturn, selective defensive stocks and commodities remained areas of relative strength. So as we look at the entire market, we cannot call this as a complete downturn. But yes, signals from anthropic AI signals of IBM which has been heavily impacted by around 13% in the US trade, it has been down by 13% so that has resulted in it stocks weakness. So overall still it is a sideways market. A market should be very cautious only to be entered into selective sectors and selective stocks where there is visible strength. Do let me know what is your take about the market and share your key learnings in this video below in the comments.
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