Sensex & Nifty Live Updates Today, February 28, 2025: Sensex plunges 1414 points, Nifty below 22000

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.

Market Close

• SENSEX: Closed at 73,198.10, down 1.90%.
• Nifty: Closed 22,124.70 down 1.86%.
• Market Capitalization: ₹8.2 lakh crore was eroded from the market capitalization of companies listed on BSE
• Losing Streak: Both indices were headed for their fifth consecutive month of losses.

The Reasons Behind the Market Crash

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.

Sectoral Performance

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.

Rupee and Bond Market

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%.

Key Stock Movements

Major Sensex losers included: Tech Mahindra, IndusInd Bank, Mahindra & Mahindra, Bharti Airtel and Infosys.

Nifty Top Losers: IndusInd Bank, Tech Mahindra, Wipro, Titan and M&M.

Top Sensex Gainers: HDFC Bank, Axis Bank, and Reliance

Nifty Top Gainers: Coal India, Grasim

Global Market Overview

Asian Markets: Stocks fell across Asia amid concerns of a global trade war.

US Markets: The S&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.

Other Factors and Considerations

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.

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