Share Market: Bloodbath at the Dalal Street continues as Sensex drops over 2,100 points in a week. India’s benchmark indices, Sensex and Nifty 50, settle down in red on Friday, February 28, 2025. The Sensex (index with top 30 firms) tumbled a massive, 1414.33 points to settle at 73,198.10 points. Meanwhile, Nifty50 (index with top 50 firms) was down 420.35 points to settle at 22,124.70 points.
Notably, Sensex tumbled 424.90 points to settle at 75,311.06 a week ago on February 21. Meanwhile, Nifty50 was down 117.25 points to settle at 22,795.90 points on that day.
This translates into a 2,112.96 points drop for Sensex in just a week. Meanwhile, Nifty50 dropped 671.2 points during this period.
What’s Behind The Drop?
- Falling Indian Rupee: The Indian rupee is continuously witnessing decline. The INR is hitting fresh lows on almost every day.
- Tariff Threats: US President Donald Trump said that he will impose tariffs on the friend nations also.
- Delhi Elections: The recently concluded Delhi elections, which saw the BJP secure a decisive victory, were anticipated to bring stability to market sentiment.
- Budget Failed To Impress Share Market: Union Budget, presented on February 1 failed to impress the Indian equity markets.
- Foreign Investors Sell-off: Continuous selling by the foreign investors in Indian equities. Foreign investors have pulled out Rs 34,574 crore from Indian equities in February. Foreign investors have pulled out a total of Rs 1,12,601 crores from Indian share market.
Share Market: How Leading Stocks Performed On February 28?
Based on BSE data, here’s a snapshot of how key stocks performed in Friday’s trading session.
| Company | Price Change | Closing Price (Rs) |
|---|---|---|
| ICICI Bank | 1.50% Down | 1,203.10 |
| Tata Motors | 4.27% Down | 620.55 |
| TCS (Tata Consultancy Services) | 3.56% Down | 3,483.90 |
| Reliance Industries (RIL) | 0.62% Down | 1,199.60 |
| Zomato | 3.21% Down | 221.75 |
| HCL Technologies | 3.45% Down | 1,574.95 |
| Tech Mahindra | 6.19% Down | 1,488.90 |
| Adani Ports | 0.77% Down | 1,070.15 |
| ITC | 1.68% Down | 394.70 |
| HDFC Bank | 1.86% Up | 1,731.10 |
On Friday, only 29 out of 30 Sensex constituents ended in the red, while only 1 Sensex stock closed in the green.
