Sensex slumps 404 pts; private bank shares decline

The domestic equity benchmarks traded with significant losses in morning trade, as escalating tensions in the Middle East involving Iran, the U.S., and Israel weighed on investor sentiment.

The Nifty traded near the 24,650 mark. Private Bank shares declined after advancing in previous trading session.

At 10:30 ST, the barometer index, the S&P BSE Sensex, tanked 403.68 points or 0.50% to 79,612.22. The Nifty 50 index fell 114.16 points or 0.46% to 24,651.75.

The broader market outperformed the frontline indices. The BSE 150 MidCap Index added 0.25% and the BSE 250 SmallCap Index jumped 0.44%.

The market breadth was strong. On the BSE, 2,197 shares rose and 1,378 shares fell. A total of 238 shares were unchanged.

Buzzing Index:

The Nifty Private Bank index declined 1.17% to 27,725.15. The index added 0.45% in previous trading session.

ICICI Bank (down 2.18%), Axis Bank (down 2.1%), HDFC Bank (down 1.17%), Bandhan Bank (down 1.16%) and RBL Bank (down 0.64%), Kotak Mahindra Bank (down 0.58%) declined.

On the other hand, Yes Bank (up 1.14%), IndusInd Bank (up 0.23%) and IDFC First Bank (up 0.13%) added.

Stocks in Spotlight:

Angel One announced that its client base jumped 20.8% year-on-year (YoY) to 36.93 million in February 2026, compared with 30.58 million in February 2025.

Magellanic Cloud announced that its wholly owned subsidiary, Provigil Surveillance, has secured a purchase order worth Rs 4.99 crore from the Social Welfare Residential Educational Institutions Society.

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