Recent developments in the US markets have reverberated across global indices. Concerns over softening consumer demand and uncertainty related to tariffs contributed to a sharp sell-off. Notably, US consumer sentiment reached a 15‑month low in February, thereby adding pressure on international investors and influencing market moods worldwide.
The NSE benchmark Nifty50 index opened in negative territory for the 5th consecutive session on Monday, February 24, 2025. By 10:36 AM, the majority of sectors were trading in the red. This downward trend coincided with heightened global uncertainties and a cautious approach from market participants.
Within the broad market decline, certain sectors managed to exhibit modest gains. Nifty Pharma and Auto registered slight increases of 0.22% and 0.08%, respectively. Conversely, Nifty IT emerged as the top loser, plunging nearly 2.5% as all its constituent stocks recorded losses. Overall, only 10 stocks were trading in green, indicating widespread selling pressure across most segments.
Key draggers in the index included prominent names such as HDFC Bank, Infosys, and ICICI Bank. Additionally, companies like M&M and Maruti featured among the top pullers, underscoring the challenges faced by even the most established entities during this period of market stress.
For the month of February 2025, the Nifty50 has recorded a nearly 4% decline – the steepest monthly fall since 2020, when the index experienced a 6.36% drop. This marks the sharpest contraction since 2016. On a year-to-date basis, the index is down 4.56%. Moreover, from its September high of 26,277, the Nifty50 has seen a reduction of over 14%, reflecting a pronounced market correction over recent months.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 24, 2025, 2:34 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates