Market Under Bear grip : Sensex & Nifty Crashed by 1%

The Sensex and Nifty indices have fallen for the sixth consecutive session, weighed down by the oil, gas, and FMCG sectors. On February 12, 2025, the Sensex dropped by 760 points (1%) to 75,550 while the Nifty declined by 226 points (0.99%) to 22,840. The broader markets underperformed, with both the BSE MidCap and BSE SmallCap indices falling by about half a percent.

Investors are concerned about U.S. tariff fears and earnings worries, which have contributed to the ongoing decline. The Federal Reserve Chair Jerome Powell’s recent comments on maintaining interest rates have also impacted market sentiment.

Market participants are now looking ahead to India’s inflation data, which is expected to show a sharp drop to a five-month low of 4.6% in January. This could provide the Reserve Bank of India with room to address slowing economic growth.

Overall, the negative momentum is likely to persist in the near term, with any pullback expected to be sold into.