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INDIA
Stocks
The Indian stock market experienced a sharp drop as the Sensex fell by over 600 points on February 10, 2025. Investors lost ₹5 lakh crore in market value due to several reasons:
- Weak investor sentiment: Concerns over upcoming elections and global economic uncertainties.
- Sector-wide sell-offs: Key stocks like PowerGrid, JSW Steel, Tata Steel, NTPC, IndusInd Bank, HCL Tech, Tata Motors, M&M, ICICI Bank, Titan, and Axis Bank led the losses.
- Foreign institutional investor (FII) sell-offs: FIIs sold shares worth ₹2,168 crore on a net basis.
- Rupee under pressure: The rupee fell to a record low of ₹87.07 against the US dollar.
- US tariff announcements: Donald Trump announced a 25% tariff on steel and aluminum imports.
Midcap and smallcap indices also dropped, reflecting widespread investor anxiety. Despite some domestic buying interest, overall sentiment remained negative.
Market analysts are closely monitoring these developments to gauge the potential long-term impact on investor confidence and market stability. The government and regulatory bodies are expected to take measures to restore market confidence and address the issues causing the decline.
