Stock Market Crash: Outcry in the stock market, Sensex drops 1000 points, 6 lakh crores of investors drowned

Stock Market Crash Today: Indian stock market today, February 28 opened with a huge decline. The stock market crashed as soon as it opened. In early trade, both Sensex and Nifty 50 fell more than 1%. Around 10 am, Sensex (SESEX) rolled 1,027.60 points (1.38%) to 73,584.83, while Nifty (NIFTY 50) is trading 315.60 points (1.40%) to 22,229.45. There are many reasons behind this decline, including the new tariff announcement of US President Donald Trump, frequent selling of foreign investors (FII) and the impact of India’s third quarter (Q3) GDP figures.

Today, there was pressure on the market in the pre-opening session itself. The Sensex opened 410.66 points to 74,201.77, while the Nifty 50 also slipped 111.65 points and opened at 22,433.40. After this, the selling dominated the market. The decline in early trade increased further. The Sensex was trading at 73,859.32 at 73,859.32 and the Nifty was also trading at 22,316.70 at 73,859.32 and the Nifty was trading at 22,316.70.

Fall in all sectoral index

The Nifty IT index fell by 3% and the auto sector also slipped about 2%. At the same time, there is heavy pressure on the market due to the decline in banking and technology stocks.

3 big reasons for market decline

• America’s tariff decision: US President Donald Trump announced to implement new tariffs on imports from Mexico and Canada. This increased the pressure in the global markets and also showed an impact on the Indian market.
• Selling of foreign investors (FII): Foreign institutional investors (FIIs) are constantly selling in Indian markets, which is intensifying the decline.
• India’s third quarter (Q3) Waiting for GDP data: New figures related to the country’s economy are going to be released which are affecting the market. Investors are waiting for India’s third quarter (Q3) GDP report, causing uncertainty in the market.

BSE total market cap dropped by Rs 6 lakh crore

Due to the decline in the stock market, the total market cap of all companies listed in BSE declined by Rs 5.8 lakh crore to Rs 387.3 lakh crore.

Stock market continues to decline for 8th consecutive day

Today is the 8th day of continuing continuing decline in the stock market. IndusInd Bank, Mahindra and Mahindra, Tech Mahindra, HCL Tech, Infosys, Tata Steel, Tata Motors and Maruti were the most damaged in the Sensex today. At the same time, Reliance Industries and HDFC Bank were involved in the leading stocks,

On Thursday, foreign institutional investors (FII) sold shares worth Rs 556.56 crore on Thursday. Yesterday the Sensex closed at 74,612.43 with a slight gain of just 10.31 points, while the Nifty fell 2.50 points to close at 22,545.05.