The Sensex fell 856 points to close at 74,454 on the first trading day of the week i.e. on Monday (24 February). The Nifty also fell 242 points to close at 22,553. Out of 30 Sensex’s 30 shares, 23 declined and 7 increased. Out of 50 shares of Nifty, 38 declined and 12 increased. The IT sector of the NSE Sectoral Index saw the highest decline of 2.71% and the Nifty metal 2.17%. At the same time, a slight edge was recorded in Auto, FMCG and Pharma.
Three reasons for market decline
1. Slow growth in the US: The US markets closed down on Friday following signs of slow business activity and weak consumer spirit. The findings of the survey showed that vocational activity in the US has come to a 17 -month low, reflecting increasing concerns over economic uncertainties.
2. Uncertainty on Trump’s tariff: There is uncertainty in the market due to Trump’s threat to applying mutual tariffs (such as) on other countries including India. Trump said, ‘We will impose mutual tariffs. Whether it is any country – India or China, whatever they ask us, we will do the same. We want equality in business.
3. Constant 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. With this, the total outflow (withdrawal of funds) in 2025 will exceed Rs 1 lakh crore.
Global market declines
Infosys, HDFC Bank and TCS were pulling down the market. However, Kotak Mahindra Bank, ITC and Mahindra & Mahindra kept the market under control. Korea’s Cospie closed down 0.35% in Asian markets. Hong Kong’s Hangseng fell 0.58% and China’s Shanghai Composite Index fell 0.18%. On 21 February, foreign investors (FIIs) sold shares worth Rs 3,449.15 crore. During this period, domestic investors (DIIs) bought shares worth Rs 2,884.61 crore. On February 21, the US Dow Jones closed down 1.69% to close at 43,428. The S&P 500 index closed down 1.71%. Nasdaq fell 2.20% to close at 19,524.
Quality Power’s share closed below 8.93%
Shares of Quality Power Electrical Equipments Limited were listed on BSE today at ₹ 432.05, which is 1.66% higher than the issue price. The shares on NSE were listed at Rs 430, which was 1.18% higher than the issue price. The issue price of the IPO of quality power was ₹ 425. However, after the day -long trading, the share on BSE closed at Rs 387.05 below 8.93% from the issue issue. At the same time, the share on NSE closed at Rs 383.50 below 9.76% from the issue issue.
The stock market declined last week.
The Sensex fell 424 points to close at 75,311 on the last trading day of the week i.e. 21 February. The Nifty also fell 117 points to close at 22,795. Out of 30 Sensex’s 30 shares, 22 declined and 8 gained an increase. Out of 50 shares of Nifty, 37 declined and 13 increased. The auto sector of the NSE Sectoral Index saw the highest decline of 2.58%.