Sensex Nifty Loss Today: The stock market saw a huge fall on 24 February. Sensex fell 1,069 points to 82,225.92 and Nifty fell 1.12% to 25,424.65. Investors lost a total of ₹3 lakh crore in 6 hours.
Share Market Today: The stock market suffered another huge blow on Tuesday, February 24. Frontline indices, Sensex and Nifty 50 registered strong losses. The Sensex fell 1,069 points (1.28%) and closed at 82,225.92. Nifty also fell 1.12% to close at 25,424.65. Mid and small cap indices also recorded red, but outperformed the benchmarks. The BSE 150 Midcap index fell by -0.40% and the BSE 250 Smallcap index fell by -0.76%. During this period, ₹3 lakh crore of investors was wiped out in just 6 hours. The total market cap of BSE listed companies fell to ₹466 lakh crore from ₹469 lakh crore.
5 biggest reasons for market decline
fear of US tariffs
The US Supreme Court rejected the Trump tariff last week, but it had the opposite effect. The Trump administration is now preparing to impose new tariffs under Section 232. Experts say the tariff drama is not over yet and investors are cautious about its impact.
US-Iran tension
Protests in Iran and US warnings have increased instability and fear among investors. The next nuclear talks are scheduled to take place on February 26, which may impact the market.
Selling in IT shares
The Nifty IT index fell nearly 5% on Tuesday, taking its overall fall in February to 21%. Shares of IBM, TCS and other IT companies are under pressure due to AI-based technological changes and high US interest rates. Experts say that new technology like Claude AI Tool has increased fear and uneasiness among investors.
crude oil expensive
Brent crude crossed $ 72 per barrel, which is close to a 6-month high. High oil prices can put pressure on the economy of a major importing country like India, increasing inflation and weakening the currency.
dollar strengthening
The dollar index rose 0.20% to near the 98 level. A strong dollar is often negative for emerging markets, as foreign capital may flow out.
Disclaimer: This article is for information only. Any share related information given here is not investment advice. Stock market investment is subject to risks. Before making any investment, definitely consult your financial advisor or market expert.