Buy or sell, March 1 -- The Indian stock market closed around 1% lower on Friday, February 27, amid ongoing geopolitical tensions and a sharp surge in crude oil prices. The Sensex tumbled 961 points, or 1.17%, to settle at 81,287.19, while the Nifty 50 dropped 318 points, or 1.25%, to close at 25,178.65.

"The benchmark indices ended the week on a weak note, pressured by negative global cues and escalating geopolitical tensions, particularly following the latest developments between Israel and Iran. The NIFTY 50 declined 1.54% to close at 25,178, with the IT index emerging as a major drag, falling nearly 5% during the week," said Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi.

According to Dongre, the Nifty 50 index h...