business
Stock market update: Nifty, Sensex end in deep red on February 24
On the first trading day of the week today i.e. Monday (24 February), the Sensex closed down 856 points at 74,454. Nifty also fell 242 points, closing at 22,553.
Out of 30 Sensex stocks, 23 declined and 7 rose. Out of 50 Nifty stocks, 38 declined and 12 rose. The IT sector of the NSE sectoral index fell the most by 2.71% and Nifty Metal by 2.17%. At the same time, auto, FMCG and pharma rose marginally.
Three reasons for market decline
- Slow US growth: US markets closed with a decline on Friday after signs of slow business activity and weak consumer sentiment. Survey findings showed that business activity in the US has fallen to a 17-month low, reflecting growing concerns over economic uncertainties.
- Uncertainty over tariff: There is uncertainty in the market due to US President Donald Trump’s threat to impose reciprocal tariffs on other countries including India. Trump said, ‘We will impose reciprocal tariffs. Be it any country – India or China, we will charge as much as they charge us. We want equality in trade.’
- Continuous selling by FII: FII sold shares worth Rs 3,449.15 crore on Friday. So far this month, foreign investors have sold more than Rs 23,710 crore from Indian markets. This has increased the total outflow (withdrawal of money) to more than Rs 1 lakh crore in 2025.
Stock market fell last week
On the last trading day of the week i.e. 21 February, the Sensex closed at 75,311 with a decline of 424 points. Nifty also fell by 117 points, closing at 22,795.
Out of the 30 Sensex stocks, 22 declined and 8 rose. Out of the 50 Nifty stocks, 37 declined and 13 rose. Among the NSE sectoral indices, the auto sector fell the most by 2.58%.
