Priyanka
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The downward trend in the Indian stock market refuses to slow down. After a sharp decline on Tuesday, February 11, the market continued its slump on Wednesday, February 12. Both Sensex and Nifty opened in the red, reflecting growing investor concerns. Sensex slipped below the 76,000 mark, while Nifty 50 dropped below 23,000, signaling persistent pressure on the market.
As of 10:00 AM, the BSE Sensex was trading at 75,442.51, marking a significant decline of 851.09 points (1.12%). Similarly, the Nifty 50 fell by 251.10 points (1.09%), reaching 22,820.70.
Market Opening: A Weak Start
The trading session opened on a weak note, reflecting ongoing global and domestic concerns.
Sensex opened at 76,188.24, down 105.36 points (0.14%).
Nifty 50 started at 23,050.80, slipping 21 points (0.091%).
The pressure on the market is attributed to various factors, including global economic uncertainties, selling by foreign investors (FIIs), and the impact of US trade policies. The sharp losses in the previous trading session have only added to investor concerns.
Sectoral Performance: Realty Index Takes a Hit
Analyzing sector-wise performance, the Nifty Realty Index plunged over 2%, emerging as one of the worst-performing sectors. Other sectors, including Auto, Pharma, Media, Energy, and Infrastructure, were also down by more than 1%.
However, the IT sector showed resilience, with its index trading in the green, likely benefiting from the global demand for technology services.
Top Gainers and Losers in BSE Sensex
While most stocks were in the red, some stocks managed to stay afloat.
Top Gainers
TCS,Infosys,Tech Mahindra,HCL Tech,HUL,Sun Pharma,Bajaj Finserv,ICICI Bank
These stocks, particularly from the IT and pharmaceutical sectors, showed strength despite the overall negative sentiment.
Top Losers
M&M,Zomato, Reliance Industries, IndusInd Bank, Axis Bank, Power Grid, ITC, Asian Paints, NTPC
Banking, infrastructure, and FMCG stocks bore the brunt of the selling pressure.
Tuesday's Stock Market Plunge: A Major Setback
Tuesday's trading session witnessed a massive crash, leaving investors worried.
The Sensex tumbled by 1,018 points, closing at 76,293.
The Nifty 50 fell 309 points, closing at 23,071.
The market rout resulted in investors losing billions, as the total market capitalization of BSE-listed companies fell by ₹9 lakh crore, reducing the total market cap to ₹408 lakh crore.
Six Consecutive Days of Selling Pressure
This latest dip marks the sixth straight session of market decline, reflecting continuous selling pressure. Over the last five trading sessions:
The Sensex has lost a staggering 2,290 points (2.91%).
The major trigger for this decline is the US government's announcement of a 25% import duty on steel and aluminum, which has sparked a slowdown in global markets.
Why Is the Market Under Pressure?
Several key factors are contributing to the persistent decline in the Indian stock market:
Foreign Institutional Investors (FIIs) Offloading Shares
On Monday alone, FIIs sold shares worth ₹4,486.41 crore, leading to significant outflows from the Indian market.
Global Economic Uncertainty
Fears of a new US tariff policy and a potential trade war have created nervousness in financial markets worldwide.
Ongoing Selling Pressure
The market has been consistently losing ground for six straight sessions, raising concerns over investor sentiment and future trends.
What’s Next for the Indian Stock Market?
With global market trends and upcoming economic policies playing a crucial role, all eyes are now on further developments. Investors are closely watching for signals from:
US economic policies and their impact on global trade.
Foreign investor movements, especially regarding fund inflows and outflows.
Government responses, including any measures to stabilize the market.
For now, uncertainty looms large, and investors are advised to proceed cautiously, keeping an eye on global cues and economic indicators.
