Stock Market Crash: Over 850 Stocks Hit 52-Week Lows as Sensex Slumps 2,037 Points in Three Sessions | Stock Market Today

The Indian stock market extended its slide on Monday, 2 March, as the Sensex dropped sharply for the third straight session. The benchmark fell 1,048 points (1.29%), closing at 80,238.85, while the Nifty 50 mirrored the decline, slipping 313 points (1.24%) to end at 24,865.70.

This decline marks a 2,037-point loss for the Sensex over the past three sessions, erasing over ₹10 lakh crore in market capitalization. The total market value of BSE-listed companies fell from ₹467.4 lakh crore on 25 February to below ₹457 lakh crore on Monday.

Investors faced one of the sharpest short-term corrections in recent months, highlighting the market’s sensitivity to global developments and domestic pressures.

Market Performance Overview

The market has been under pressure due to a combination of global and domestic factors. In three consecutive sessions:

• Sensex lost 2,037 points (2.5%)
• Nifty 50 dropped nearly 1.5%
• 869 stocks hit their 52-week lows on the BSE

Despite the broad weakness, a few counters managed to hold ground or post minor gains:

• Sensex gainers:
  • BEL: +2.09%
  • Sun Pharma: +0.84%
  • ITC: +0.38%
• Sensex losers:
  • InterGlobe Aviation (IndiGo): -6.25%
  • Larsen & Toubro (L&T): -5%
  • Adani Ports: -3.33%

The divergence between a handful of gainers and widespread losses illustrates a market grappling with uncertainty.

Stocks Hitting 52-Week Lows

Monday’s trading saw a long list of companies hit their annual lows, reflecting broad-based weakness across sectors:

• IT and Tech: TCS, Wipro, Coforge, Dixon Technologies, Info Edge (India)
• Consumer & FMCG: ITC, Trent, United Spirits
• Industrials & Energy: Shree Cement, SRF, Suzlon Energy

Other notable names that touched intraday lows included Abbott India, Adani Total Gas, Bajaj Housing Finance, Balkrishna Industries, Berger Paints India, Container Corporation of India (Concor), IRCTC, IREDA, IRFC, NHPC, Oberoi Realty, Page Industries, Procter & Gamble Hygiene and Health Care, Rail Vikas Nigam (RVNL), Swiggy, and UCO Bank.

On the upside, 94 stocks, including ONGC, SAIL, Hitachi Energy India, and Bharat Forge, recorded 52-week highs in intraday trades, providing rare pockets of strength amid the sell-off.

Company Details and Sector Highlights

The market downturn affected nearly every sector, but the impact was especially visible in:

• Aviation: InterGlobe Aviation fell over 6%, reflecting caution in travel-related equities
• Infrastructure & Engineering: L&T slipped 5%, highlighting sectoral sensitivity to broader market sentiment
• Ports & Logistics: Adani Ports declined by more than 3%, signaling investor caution on global trade concerns

Meanwhile, energy and defense-related stocks like BEL and Sun Pharma managed to post modest gains, suggesting selective resilience in defensive sectors.

Summary of the Stock Market Crash

The past three sessions have painted a clear picture of market volatility:

• Sensex and Nifty have seen a steep three-day slide
• Over 850 stocks touched 52-week lows
• Market capitalization fell by over ₹10 lakh crore
• Few stocks showed resilience, highlighting selective buying even in a bearish environment

The sell-off reflects the interplay of global geopolitical tensions, rising crude oil prices, and currency depreciation, all combining to fuel investor caution. While some counters are holding ground, the market remains in a broad-based downward trend, marking one of the most notable corrections in recent times.

For readers following the stock market crash, these developments underscore the need to monitor sectoral trends, key support levels, and market breadth. The focus remains on how individual stocks are responding amidst a volatile environment, offering insights into market sentiment in real-time.

Source: Livemint