Share Market Today: Bloodbath at the Dalal Street continues. India’s benchmark indices, Sensex and Nifty 50 opened the trade of Wednesday, February 12, in red. Sensex tumbled 763.74 points to 75,529.86, whereas Nifty50 hit the low of 22,850.45 in the early trade. Indian equities are witnessing massive sell-offs by the foreign investors since this calendar year is started.
Moreover, Sensex and Nifty 50, settled down in red on Tuesday, February 11, 2025, as well. The Sensex (index with top 30 firms) tumbled by 1018.20 points to settle at 76,293.60 on Tuesday. Meanwhile, Nifty50 (index with top 50 firms) was down 309.80 points to settle at 23,071.80 points.
Share Market: What’s Behind The Drop?
- The Indian rupee is continuously witnessing decline, weakened to a record low on Monday. Moreover, the concerns over potential US trade tariffs led to losses in regional currencies.
- US President Donald Trump said that the new 25% tariffs would be imposed on all steel and aluminum imports, in addition to existing duties. This led to metal stocks to a sharp decline. These stocks were among the worst performers in Monday’s trade.
- The recent Delhi election results, which saw the BJP secure a decisive victory, were anticipated to bring stability to market sentiment. However, the impact has been eclipsed by global concerns and the activities of foreign investors, who continue to exert significant influence over market trends.
- Union Budget, presented on February 1 and RBI’s MPC decision to cut the repo rate by 25 basis points (bps) to 6.25% failed to impress the equity markets.
- Continuous selling by the foreign investors in Indian equities. Foreign investors have pulled out Rs 10,112 crore from Indian equities this month so far. They pulled out Rs 78,027 crore from Indian share market in January 2025.
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