Businessman standing in front of the panel with financial statistics
Mounting global trade tensions have shaken investor confidence in risky assets, leading to a significant sell-off in Asian equities today, with Indian markets following suit. All sectors have experienced heavy selling pressure since the market opened, causing the Nifty 50 to drop 440 points and hit a day’s low of 22,105 points.
This decline has pushed the index down by 4,172 points (16%) from its September peak of 26,277 points. Similarly, the Sensex has fallen 12,819 points (15%) from its peak of 85,978 points. In today’s session alone, the Sensex has plummeted 1,453 points to a day’s low of 73,159 points. Both indices have fallen by up to 5.5% so far this month and are on track for five consecutive months of decline in February—a rare occurrence. For the Nifty 50, this is its first five-month losing streak since 1996 and the second-worst monthly decline since the index’s launch in July 1990.
The broader market has faced even greater selling pressure, with valuation concerns weighing on investor sentiment. The Nifty Midcap 100 index dropped nearly 3.4% today to 47,485 points, resulting in a 22% decline from its peak. Similarly, the Nifty Smallcap 100 index fell 3.55%, reaching a day’s low of 14,617 points, marking a 26% correction from its peak of 19,640 points.
