By 5paisa 24 Feb 2025
Sensex and Nifty opened sharply lower on February 24, tracking weak global cues. At 9:50 AM, Sensex was down 690 points (0.9%) at 74,619, while Nifty fell 205 points (0.9%) to 22,590.
Banking and IT stocks were under pressure, dragging the indices lower. Mid- and small-cap stocks also declined over 1% as selling intensified across broader markets.
Indian markets have fallen over 13% from September 2024 highs amid concerns over slowing earnings growth, trade tensions, and relentless foreign investor selling.
FIIs sold ₹3,449 Cr worth of Indian equities on Friday, pushing February’s outflows past ₹23,710 cr. Persistent selling pressure adds to market woes.
Weak U.S. business data, falling consumer sentiment, and Trump’s tariff threats potentially spooked investors, dragging Wall Street lower and extending losses to Asian and Indian markets.
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