Stock market news, March 1 -- The domestic benchmark indices, Nifty 50 and Sensex, witnessed a decline on Friday, February 27, with losses widespread, primarily driven by the financial sector. This marked the third consecutive monthly decline for the benchmark indices, while IT stocks faced their worst month since September 2008 amid concerns that artificial intelligence might negatively impact their profits. For the month, the Nifty 50 decreased by 0.6%, and the Sensex fell by 1.2%.

On Friday, investors lost a total of Rs.4.98 lakh crore as the markets suffered significant losses, with the Sensex dropping over 1%. This was largely due to fresh outflows from foreign funds and lackluster global market trends amid increasing geopolitical t...