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On Friday, February 28 2025, the Indian equity markets witnessed a massive crash, with the Sensex and Nifty crashing deeper. The sharp drop was part of a global decline in stocks as concerns over U.S. tariffs and dismal economic data continued to send investors fleeing for cover.
<h2>Market Close</h2>
<ul>
<li style="font-weight: 400;" aria-level="1">SENSEX: Closed at 73,198.10, down 1.90%.</li>
<li style="font-weight: 400;" aria-level="1">Nifty: Closed 22,124.70 down 1.86%.</li>
<li style="font-weight: 400;" aria-level="1">Market Capitalization: ₹8.2 lakh crore was eroded from the market capitalization of companies listed on BSE</li>
<li style="font-weight: 400;" aria-level="1">Losing Streak: Both indices were headed for their fifth consecutive month of losses.</li>
</ul>
<h2>The Reasons Behind the Market Crash</h2>
US Economic Data: Disappointing fourth-quarter U.S. economic data pointed to a slowdown in consumption. The US GDP for Q4 was 2.3%.
Trump’s Tariffs: New fears of U.S. tariffs after President Trump announced a 25 percent tariffs on imports from Mexico and Canada starting March 4 and added levies on imports from China.
Ongoing FII Selling: Foreign Institutional Investors (FII) have been selling extensively, having sold over ₹1.33 lakh crore in January and February.
Valuation Concerns: Concerns about high valuations especially in the small and midcap stocks had traders worried.
Global cues: Asian stocks fell after a drubbing on Wall Street under the weight of poor earnings from Nvidia and mixed economic news.
<h2>Sectoral Performance</h2>
All sectoral indices were in the red, indicating widespread profit booking.
Nifty IT and Auto: Both these indices were among the top sectoral losers and fell nearly 3%. Nifty IT fell by 4.14%.
Nifty FMCG and Realty: Nifty FMCG registered its longest monthly losing streak in the history of the company and Realty also fell for the fifth consecutive day.
BSE Auto index: Experienced a significant drop of 2.94%.
BSE Smallcap and Midcap: Both sectors saw significant changes, the Smallcap index was more than 2% lower.
<h2>Rupee and Bond Market</h2>
Rupee: The Indian rupee fell by 0.2% to 87.40 per U.S. dollar. The rupee fell 32 paise to end at 87.52 versus the US Dollar.
Bond Market: The 10-year benchmark bond was quoted at 100.50 rupees, yielding little changed at 6.7169%.
<h2>Key Stock Movements</h2>
Major Sensex losers included: Tech Mahindra, IndusInd Bank, Mahindra &amp; Mahindra, Bharti Airtel and Infosys.
Nifty Top Losers: IndusInd Bank, Tech Mahindra, Wipro, Titan and M&amp;M.
Top Sensex Gainers: HDFC Bank, Axis Bank, and Reliance
Nifty Top Gainers: Coal India, Grasim
<h2>Global Market Overview</h2>
Asian Markets: Stocks fell across Asia amid concerns of a global trade war.
US Markets: The S&amp;P 500 fell 1.59%, its third consecutive down day, Nasdaq was down 2.78% and the Dow Jones dipped 0.45%
European Markets: European shares declined as well under the influence of Trump’s tariff threats.
Japanese Markets: Japan’s Nikkei fell to a five-month low, down 2.88 percent.
<h2>Other Factors and Considerations</h2>
India VIX: Up indicating higher market volatility
Small and Midcap Stocks -- Outperformed the Nifty benchmark index on the downside.
Crude Oil: Oil prices eased and are on course for their first monthly decline since November.
Gold: Prices of the yellow metal fell to 84,700/10 grams as US inflation data looms.
Bond Central Launch: SEBI launched a centralised database portal for corporate bonds to create a single, authentic source of information
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
To read the RA disclaimer, please click <a href="https://groww.in/p/sebi-research-analyst-regulations">here</a>.

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