NIFTY50 below 25,350, SENSEX slumps 618 pts in noon deals; Vishal Mega Mart, Tejas Networks among buzzing stocks

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the red during the afternoon session on Friday, February 27, amid weak global cues and a sell-off in realty stocks.

The SENSEX tanked as much as 652.65 points to an intraday low of 81,595.96. Meanwhile, the NIFTY50 touched the session’s low of 25,270.05.

At 12:47 PM, the S&P BSE SENSEX dropped by 617.56 points, or 0.75%, to 81,631.05, while NSE’s NIFTY50 was trading at 25,281.25, marking a 215.30 points, or 0.84% decline.

On Thursday, the foreign institutional investors (FIIs) sold shares worth ₹3,465.99 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹5,031.57 crore on a net basis, according to exchange data.

Shares of Bharti Airtel, which fell 2.68%, contributed to the fall of the NIFTY50 index. It was followed by Dr. Reddy's Laboratories (-2.66%), Grasim Industries (-2.38%), InterGlobe Aviation (-2.11%) and Nestle India (-2.06%), which were among the top losers.

On the flipside, the top gainers included Eternal (1.40%), Infosys (1.37%), HCL Technologies (1.31%), Trent (1.30%) and Apollo Hospitals Enterprise (0.71%).

Buzzing stocks on February 27: Check list

Shares of Tejas Networks surged as much as 15.73% to an intraday high of ₹429.45 per unit on the National Stock Exchange (NSE) on Friday, February 27, for the second consecutive day.

In a regulatory filing dated February 26, the Tata Group company said that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.

Vishal Mega Mart shares tumbled as much as 8.26% to the session’s low of ₹117 per equity share after market opening on Friday, February 27.

The stock fall comes after the company saw a block deal wherein exiting promoter Samayat Services, which is backed by Kedaara Capital, is likely to sell up to a 6.5% stake, as per the CNBCTV18 report.

Samayat Services LLP plans to sell up to 305 million shares at ₹115 each. The block deal price is nearly 10% lower compared to Vishal Mega Mart’s previous closing of ₹127.53 per share. The block deal would fetch ₹3,508 crore to Samayat Services LLP, which holds 54.09% stake in Vishal Mega Mart as of 31 December 2025.

The proposed shares offloaded through this block deal will have a lockup period of 150 days. Kotak Securities Ltd and Morgan Stanley India Co are the key advisors on this block deal.

Shares of Gaudium IVF and Women Health listed at ₹83 apiece on the National Stock Exchange (NSE) and the BSE, reflecting a premium of 5.06% over the issue price of ₹79 per share.

A lot consisted of 189 shares. Investors who received Gaudium IVF and Women Health IPO allotment made ₹15,687 per lot.

The ₹165 crore initial public offering was a mix of new shares valued at ₹90 crore and an offer for sale (OFS) component aggregating to ₹75 crore by promoter Dr. Manika Khanna.

Tata Motors Ltd (TMCV) stock gained as much as 2.25% to a fresh 52-week high of ₹502.40 apiece, as the leading financial services firm CLSA initiated coverage on the company.

Using the term "cycling up the hill", CLSA said the company is entering a sweet spot of a cyclical upswing, with the domestic CV cycle still at an early stage of recovery.

CLSA also expects the company’s Iveco operations to benefit from upcoming emission norm changes in calendar years 2027 and 2028. Additionally, it noted that strong consolidated cash flows could help the company achieve a leaner balance sheet by FY28.

Indian Oil Corporation shares advanced as much as 1.3% to a 52-week high of ₹188.90 per unit, following its corporate announcement on Thursday, post-market hours.

In its filing to stock exchanges, IOCL said that a meeting of the Board of Directors is scheduled on Friday, March 6, 2026, wherein the Board of IndianOil will consider the declaration of a 2nd interim dividend for the financial year 2025-26.

The stock of Netweb Technologies soared as much as 8.03% to an intraday high of ₹3,994.40 apiece, after the announcement of a new strategic collaboration with US-based Vertiv Holding Co.

The AI firm, which is a leading Indian high-end computing solutions provider, said it will partner with Vertiv to jointly engineer and validate its cutting-edge, in-house designed GPU compute platforms with Vertiv’s integrated, end-to-end AI data center solutions.

Under this collaboration, Netweb’s rack-scale solutions will leverage Vertiv’s, liquid cooling infrastructure, including coolant distribution units and free cooling chillers; and advanced power infrastructure that includes busways, and uninterruptible power supply (UPS) systems with power conversion and dynamic load management.