Stock Market Highlights: Sensex sinks 1,414pts, ends Feb 6% lower; Nifty at 22,125 on broad sell-off
Market Crash Highlights, Friday: BSE MidCap and SmallCap indices plunged over 2% each; Sectoral indices led by Auto and IT cracked up to 4% as Trump tariff threats weighed; HDFC Bank, however, rose 2%
)
Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE(Photo: Shutterstock)
Stock Market Close Updates, Friday February 28, 2025: Equity benchmark indices witnessed heavy selling pressure on Friday amid weak global cues after the US President Donald Trump vowed to impose tariffs on Canada, Mexico as planned from March 04 onwards. Additionally, Trump threatened China with 10 per cent more tariffs. It was a one-way street for the BSE Sensex after it opened with a negative gap of 400-odd points, the BSE benchmark index tumbled to a low of 73,141, and eventually ended with a loss of 1,414 points or 1.9 per cent at 73,198. Detailed reasons here In the process, the BSE Sensex ended the week with a loss of 2,113 points or 2.8 per cent; and was down 4,303 points or 5.6 per cent for the month of February 2025. The Sensex has now shed nearly 15 per cent from its all-time high of 85,978. Meanwhile, its counterpart, the NSE Nifty 50 index crashed to a low of 22,105, before signing off the day with a loss of 1.9 per cent or 420 points at 22,125. The Nifty 50 index shed 5.9 per cent in February, and has cracked near about 16 per cent from its life-time high of 26,277. The Nifty would enter a bear market territory if it were to slide up to 20 per cent from its peak. Here's what experts believe. Samir Arora, founder and chief investment officer of Helios Capital on Day 2 of BS Manthan in New Delhi said that the market was in a high uncertainty phase amid Trump tariff threats. He believes that the uncertainty could play for another 3 - 4 months, the US President Trump won't be able to play the tariff game for long. Back to the day's action, the selling was broad-based across sectors with IT and Auto shares been worst hit. IndusInd Bank down 7 per cent was the biggest loser. Tech Mahindra, Mahindra & Mahindra, Bharti Airtel, Tata Motors, Titan, Infosys and Nestle India shed 4 - 6 per cent each. 27 out of the Sensex 30 shares declined over 1 per cent each. HDFC Bank up 2 per cent was the lone shining star in the Sensex 30 shares. In the broader market, the BSE MidCap and SmallCap indices slipped over 2 per cent. The BSE SmallCap index went on to log its biggest monthly fall in the last 5 years. The market breadth was extremely bearish, with near about 5 declining stocks for every advancing share on the BSE on Friday. Out of 4,081 stocks traded on the BSE, 3,248 stocks ended with losses, while 742 managed gains. A total of 476 BSE stocks were locked at their respective lower circuits, while 106 hit upper limits. All sectoral indices ended with losses in excess of 1 per cent each. The BSE IT and Auto indices were the worst hit, as they plunged around 4 per cent each. FMCG, Healthcare, Capital Goods, Consumer Durables and Oil & Gas indices dropped more than 2 per cent each.
3:53 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: Nifty experienced a significant decline on Friday, shedding over 400 points after a consolidation breakdown. The RSI remains bearish but has entered the oversold zone. In the near term, Nifty is expected to find support around 21,800-22,000. A sustained move above 21,800 could lead to a significant recovery, while failure to hold this level may trigger another sharp decline.
View by Rupak De, senior technical analyst, LKP Securities.
View by Rupak De, senior technical analyst, LKP Securities.
3:49 PM
Stock Market LIVE Updates: Expert view
Stock Market LIVE Updates: The recent rise in US bond yields is making American investments more attractive, prompting Foreign Institutional Investors (FIIs) to pull money out of Indian markets and shift to the US and China. Additionally, China’s pro-business policies have revived investor confidence, further drawing funds away from India. However, long-term investors shouldn’t panic over these short-term movements. India’s economy remains strong, and such market dips often present great buying opportunities for those who stick to a disciplined investment strategy
View by Kirang Gandhi, a Pune-based financial mentor.
View by Kirang Gandhi, a Pune-based financial mentor.
3:46 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: The national market experienced a sharp decline amid heightened bearish sentiment largely influenced by weak global cues. The decline was largely triggered on fear of the implementation of 25% tariff on U.S. imports from Canada and Mexico, set to take effect next week, along with an additional 10 per cent tariff on Chinese goods. Adding to market jitters, the potential imposition of tariffs on the European Union has further fuelled uncertainty. As investors navigate this volatility, all eyes are on the domestic Q3 GDP data, which could provide vital insights into the economic recovery trajectory and influence market direction.
View by Vinod Nair, head of research, Geojit Financial Services.
View by Vinod Nair, head of research, Geojit Financial Services.
3:42 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and losers at close
Stock Market LIVE Updates: IndusInd Bank, Tech Mahindra, Wipro were among the top laggards on NSE Nifty50.
3:40 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close
Stock Market LIVE Updates: Except HDFC Bank all constituents fell on BSE Sensex. IndusInd Bank, Tech Mahindra, Airtel were among the top losers.
3:38 PM
Stock Market LIVE Updates: Broader markets end with deep cuts
Stock Market LIVE Updates: BSE Midcap and Smallcap were down over 2 per cent at close.
3:37 PM
Stock Market LIVE Updates: Nifty50 settles at 22,124.70, down 420.35 pts or 1.86 per cent
Stock Market LIVE Updates: NSE Nifty50 closed at 22,124.70, down 420.35 pts or 1.86 per cent.
3:36 PM
Stock Market LIVE Updates: Sensex closes down 1,414 pts or 1.9 per cent at 73,198.1
Stock Market LIVE Updates: BSE Sensex finished the last trading session of the week with deep cuts. Sensex closed down 1,414 points or 1.9 per cent at 73,198.1.
3:24 PM
Stock Market LIVE Updates: India must make itself quantum secure: HCL Co-founder Ajai Chowdhry at BS manthan
Stock Market LIVE Updates: India must prioritise its quantum security to safeguard critical infrastructure, financial systems, and national security, said HCL co-founder Ajai Chowdhry in a fireside chat at the second edition of Manthan, Business Standard's annual summit, in New Delhi on Friday.
Chowdhry highlighted that nations across the world, including smaller countries such as Finland and Singapore, are heavily investing in quantum research, with funding ranging from $400 million to $1 billion. He warned that once a quantum computer with the right speed emerges, it will pose a "significant cybersecurity threat to every country." Read more
3:16 PM
Stock Market LIVE Updates: TCS extends partnership with Norway's DNB Bank ASA for next 5 years
Stock Market LIVE Updates: Tata Consultancy Services (TCS) on Friday announced an extension of its partnership with Norway's largest financial services group, DNB Bank ASA, for an additional five years. It, however, did not divulge the financial details of the extended contract.
With the renewed pact, TCS will continue as DNB's strategic partner, supporting the bank's digital modernisation, while enhancing cost efficiency targets, according to a release. Read more
3:08 PM
Stock Market LIVE Updates: This smallcap stock rose 20% on huge volume in weak market; trades ex-bonus
Stock Market LIVE Updates: Jindal Worldwide (JWL) shares surged 20 per cent to Rs 82.65 on the BSE in Friday’s intra-day trade amid heavy volumes in an otherwise weak market. Today, the stock of smallcap company turned ex-date for bonus issue in ratio of 4:1 i.e. 4 (Four) new fully paid-up equity shares of Rs 1 each for every 1 (One) existing fully paid-up equity share of Rs 1 each held, to the eligible equity shareholders of the company as on the record date.
At 02:03 PM; Jindal Worldwide traded 19.6 per cent higher at Rs 82.40 on the BSE. In comparison, the BSE Smallcap index was down 3 per cent at 5,529.62. As many as 11.64 million equity shares changed hands on the NSE and BSE. Read more
At 02:03 PM; Jindal Worldwide traded 19.6 per cent higher at Rs 82.40 on the BSE. In comparison, the BSE Smallcap index was down 3 per cent at 5,529.62. As many as 11.64 million equity shares changed hands on the NSE and BSE. Read more
2:53 PM
Stock Market LIVE news: Physical gold will be preferred in future, says Arora
Stock Market LIVE news: 'With uncertainity and security hazards evolving, physical gold will be much preferred in future.'
2:50 PM
Stock Market LIVE news: Trump will have to resolve tariff issues soon, says Arora
Stock Market LIVE news: 'US President Donald Trump won't be able to play the the tariff game for very long time. This uncertainity is for 3-4 months.'
2:47 PM
Stock Market LIVE news: Gold is a good bet, says Arora
Stock Market LIVE news: I won't buy bitcoin...I don't know the purpose of bitcoin...gold is a good bet, said Arora.
2:45 PM
Stock Market LIVE Updates: HDFC Bank has been a contra bet, says Arora
Topics : Donald Trump MARKET WRAP MARKET LIVE Markets Market news Indian stock markets Indian stock market S&P BSE Sensex Nifty 50 Gift Nifty Stock market correction Stock market crash Global Markets Donald Trump tariff hike nikkei Nasdaq Composite index
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Feb 28 2025 | 7:29 AM IST
