Indian equity benchmarks closed deep in red on Monday, as investors' sentiments were hit hard following a sharp spike in crude oil prices amid escalating tensions in West Asia. Weak trends in global markets and heavy foreign fund outflows also dented sentiments. 

Some of the important factors in trade: 

India manufacturing PMI jumps to 56.9 in February: The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from 55.4 in January to a four-month high of 56.9 in February. 

FDI equity inflow in India grows 18%YoY during April-December 2025-26: The Foreign direct investments (FDI) equity inflow in India grew by 18% to $47.87 billion during April-December 2025-26 (9MFY26) as compared to $40.67 billion in April-December 2024-2025. 

India’s FY27 growth projection revises upwards to 7-7.4%: After revision of base year for GDP calculation, Chief Economic Advisor V Anantha Nageswaran has said that the economic growth projection is revised upwards by 20 basis points to 7-7.4 per cent for FY27 from 6.8-7.2 per cent previously. 

Govt reports 8.1% increase in GST collection for February: The government data has showed that gross Goods and Services Tax (GST) collection rose 8.1 per cent to over Rs 1.83 lakh crore in February 2026 as compared to Rs 1.69 lakh crore collected in February 2025. 

Global front: European markets were trading lower as a broadening Middle East conflict dented investors' appetite for riskier assets. Asian markets settled mostly lower as investors closely monitored escalating West Asian tensions. 

Finally, the BSE Sensex fell 1048.34 points or 1.29% to 80,238.85 and the CNX Nifty was down by 312.95 points or 1.24% to 24,865.70.       

The BSE Sensex touched high and low of 80,632.55 and 78,543.73 respectively. There were 3 stocks advancing against 27 stocks declining on the index.

The lone gaining sectoral index on the BSE was Metal up by 0.14%, while Consumer Durables down by 2.30%, Auto down by 2.23%, Consumer Discretionary down by 2.16%, Oil & Gas down by 2.15% and Industrials down by 2.14% were the top losing indices on BSE.

The few gainers on the Sensex were Bharat Electronics up by 2.09%, Sun Pharma up by 0.84% and ITC up by 0.38%. On the flip side, Interglobe Aviation down by 6.25%, Larsen & Toubro down by 5.00%, Adani Ports &SEZ down by 3.33%, Maruti Suzuki down by 3.29% and Asian Paints down by 2.89% were the top losers. 

Meanwhile, the government in its latest data has said that power consumption in the country increased slightly by 1.86 percent to 132.99 billion units (BU) in February 2026 from 130.56 BU a year ago, as demand for heating appliances such as geysers and blowers declined due to higher-than usual temperature. According to data, the peak power demand met or the highest supply during February, also rose slightly to 243.15 Gigawatt (GW) from 238.06 GW recorded in February 2025. 

The peak power demand touched an all-time high of about 250 GW in May 2024, surpassing the earlier all-time high of 243.27 GW registered in September 2023. However, during last summer (April 2025 onwards), the peak power demand was 242.77 GW in June, 2025. As per the Indian Meteorological Department (IMD), the rainfall all over India in February was the lowest since 2001. 

Moreover, there were no cold wave conditions or cold days in February. The absence of any active western disturbances and lack of their interactions/confluences with easterly winds are the major reasons for subdued snow/rainfall in the month. According to IMD, in February 2026, India experienced the 10th highest maximum temperature, third highest minimum temperature, and fifth highest mean temperature since 1901.

CNX Nifty touched high and low of 24,989.35 and 24,603.50 respectively. There were 8 stocks advancing against 42 stocks declining on the index.

The top gainers on Nifty were Bharat Electronics up by 2.13%, Hindalco up by 1.70%, Sun Pharma up by 0.93%, ONGC up by 0.63% and ITC up by 0.35%. On the flip side, Interglobe Aviation down by 6.09%, Larsen & Toubro down by 5.24%, Adani Ports &SEZ down by 3.43%, Maruti Suzuki down by 3.29% and Asian Paints down by 3.08% were the top losers.

European markets were trading lower; UK’s FTSE 100 decreased 99 points or 0.91% to 10,811.55, France’s CAC fell 141.45 points or 1.65% to 8,439.30 and Germany’s DAX lost 437.16 points or 1.73% to 24,847.10.