Share Market Bloodbath: India’s benchmark indices, Sensex and Nifty50, open with massive drop on Friday, February 28, 2025. The Sensex (index with top 30 firms) tumble over 1,000 points to 73,579.44 in Friday’s early trade. Meanwhile, Nifty50 (index with top 50 firms) was down to 22,224.10 points.
Within the first 45 minutes of trading, the overall market capitalization of listed companies on the Bombay Stock Exchange (BSE) plummeted massively. This resulted into the investors losing Rs 6 lakh crore in the first 45 minutes of trading.
The market is in decline trajectory because foreign portfolio investor (FPI) continued to pull off money. Additionally, muted earnings, and concerns over an economic slowdown also lead to the decline.
Share Market Bloodbath: What Experts Say?
“Stock markets dislike uncertainty, and uncertainty has been on the rise ever since Trump was elected the US president. The spate of tariff announcements by Trump has been impacting markets and the latest announcement of additional 10% tariff on China is a confirmation of the market view that Trump will use the initial months of his presidency to threaten countries with tariffs and then negotiate for a settlement favourable to the US.” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
Akshay Chinchalkar, Head of Research, Axis Securities said “The Nifty and the India VIX both declined for the seventh successive day, as investors sent a message that they see no big-sized plunges ahead, at least in the large-cap universe. The Nifty’s daily ranges have shrunk since the gap-down seen at the Monday open, which is a sign that selling pressure is diminishing. 22500 remains immediate support, followed by 22370, but green shoots will only emerge once the market ends above 22720 on a closing basis. Sentiment remains depressed, with only 10% of the NSE500 stocks above their 100-day averages, but the trigger for a rebound so far has proved elusive.”
