Sensex drops over 900 points as U.S. tariff uncertainty drives risk-off selling
Indian equities saw a sharp risk-off session on February 24, 2026, with the Sensex falling by more than 900 points. Weakness spread across large-cap stocks.
Selling was strongest in NIFTY IT heavyweights, which kept pressure on benchmark indices through the day. Infosys, TCS, HCLTech, and Tech Mahindra were among the key drags. The decline reflected market-wide caution rather than a one-company event.
Why the market reacted
Renewed uncertainty around U.S. tariff policy reduced global risk appetite. Indian equities mirrored this risk-off tone, especially in sectors with stronger international revenue exposure.
Technology shares were already under pressure due to concerns about enterprise demand and AI-related disruption risks. Fresh tariff uncertainty added to this stress, leading to sharper losses in frontline IT names.
Price and technical snapshot
The technical data below is based on closing levels as of February 23, 2026.
- Infosys closed at 1327.50, down 1.90% for the day. Volume was 12886673 versus average volume of 18873142. RSI (14) was 20.59. MACD line was -73.9856, below MACD signal at -58.4429. The stock was below both 20-day and 50-day moving averages, at 1493.26 and 1578.85.
- TCS closed at 2676.30, down 0.37% for the day. Volume was 4698968 against average volume of 4900213. RSI (14) was 25.38. MACD line was -132.3303, below MACD signal at -110.1511. The stock was below both 20-day and 50-day moving averages, at 2921.90 and 3104.17.
- HCLTech closed at 1426.20, down 0.72% for the day. Volume was 2565681 versus average volume of 3341261. RSI (14) was 23.12. MACD line was -60.9688, below MACD signal at -45.7325. The stock was below both 20-day and 50-day moving averages, at 1569.23 and 1625.46.
- Tech Mahindra closed at 1440.90, down 1.10% for the day. Volume was 2624673 versus average volume of 2642884. RSI (14) was 24.60. MACD line was -49.2416, below MACD signal at -26.7102. The stock was below both 20-day and 50-day moving averages, at 1611.74 and 1619.73.
Closing context
The session reflected clear risk reduction in Indian equities, with IT heavyweights carrying a large share of the downside. Across Infosys, TCS, HCLTech, and Tech Mahindra, momentum readings were weak, MACD stayed below signal, and prices remained below both 20-day and 50-day moving averages. Infosys also recorded the steepest daily decline among these four stocks.