Stock Market Crash Today : On the last day of the week, the Indian stock market started trading strongly. The key market indices Sensex and Nifty slipped 1-1%. There is also pressure on the stock market. Mid- and small-cap indices are also in the red.
Weak global cues weighed on the market. Asian stock markets to US futures markets are trading in the red, which have broken down by 1-2%. In fact, the fear of tariffs dominates the markets around the world. US President Donald Trump said the tariffs would go into effect next week.
Nifty declines for 8 consecutive days
The 50-share Nifty 50 index was trading in the red for the eighth straight day on Friday. The index had closed in the green on February 17. At 9: 32 am today, the index has slipped by 230 points to 22310. Similarly, the Sensex fell 801 points to 73800. There is a lot of selling in the wholesale market. The Nifty Midcap and Smallcap indices fell over 2-2%.
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, said: “Global uncertainty continues to persist. US President Donald Trump has been very clear on this. A 25% tariff will apply to Canada and Mexico. A similar tariff could soon be applied to the European Union. Global cues were also weak.
Weakness in US markets
S&P 500 -1.59% 5,861.57
Nasdaq -2.78% 18,544.42
Dow Jones -0.45% 43,239.50
Where to watch next
Siddhartha Khemka said that the pressure on the market can be seen in the coming session as well. Investors are now waiting for important economic data. This includes India’s GDP growth data, which will be released on February 28.
Weakness in domestic markets
- weak U.S. economic data
- U.S. tariffs on the EU
- Selling in the global market
- Nvidia’s quarterly results
- High Values
Huge losses for investors
On the BSE, 3035 shares were trading in the morning, out of which 2290 shares were trading with a fall and 621 shares were trading with a gain. A total of 131 shares were in the lower circuit. On the other hand, 38 stocks traded in the upper circuit. The total market cap of listed companies on the exchange has come down to Rs 388.33 lakh crore, which was Rs 393.10 lakh crore after the market closed on February 27. In this sense, investors have suffered a huge loss of Rs 4.77 lakh crore.
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