Indian stock market, March 1 -- A steep selloff led both market indices - Sensex and Nifty - down by over 1% each, on Friday, February 27, as ongoing geopolitical tensions and a sharp surge in crude oil prices weighed on sentiment.

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 Indian benchmark index Nifty 50 ended the session on a negative note on Friday, registering a sharp loss of 317 points, or 1.25%, in a single day. The index opened with a mild gap-down of nearly 20 points and subsequently declined steadily toward the 25,300 level.

According to Sumeet Bagadia, Executive Director at Choice Broking, after this fall, it entered a consolidat...