Stocks to trade today: Raja Venkatraman picks three stocks for 28 February
Subscribe to enjoy similar stories. On 27 February, global cues dictated the trends in the market. Indian equity indices, the Sensex and Nifty, concluded the trading day with minimal changes, as their movements were relatively flat throughout the day.
The overall sentiment remained cautious due to renewed tariff uncertainties. US President Donald Trump indicated a potential delay in the implementation of steep import tariffs on Mexico and Canada until 2 April, while also suggesting a significant 25% reciprocal tariff on European automobiles and other products. The Nifty 50 ended the session with a slight decline of 0.01%, closing at 22,545, while the Sensex gained 0.01%, finishing at 74,612 compared to Tuesday's close.
On the NSE, 477 stocks advanced, whereas 2,146 stocks declined. Indian equities have faced sustained pressure for several months, with the Nifty 50 poised for its fifth consecutive month of losses—the longest such streak since 1996. Both indices have fallen by nearly 14% from their record highs in September 2024.
Also Read: India's market resilience faces a test as redemptions rise—will investors hold the line? Markets have been attempting to hold back the bearish bias for a while, but the breach of 22800 levels that was held for 7 trading sessions showed a fatigued and resigned bullish camp that continues to show weakness. The lacklustre end to the February monthly expiry is a testament to the lack of interest currently present in the trading environment. The formation of the small body candles at the trendline indicates that it’s a touch-or-go situation.
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