The stock market is continuously going down. Due to which investors have lost crores of rupees. Today Sensex fell by 1400 points and Nifty by about 450 points. Investors are constantly facing losses in the stock market.
These sectors suffered the most losses
The biggest decline is in Nifty IT by 3.27%, Auto by 2.65%, Media by 2.50%, Government Banks by 2.05% and Metal by 1.82%. Apart from this, there is a decline of up to 1% in Pharma, Banking, FMCG and Financial Services.
Loss of 7.5 lakh crores
The wealth of investors decreased by Rs 7.5 lakh crore due to selling in the stock market. On Friday, 28 February at 10 am, the overall market cap of companies listed on BSE stood at Rs 385 lakh crore. On 27 February it was around Rs 393 lakh crore.
Reasons for stock market crash
The third quarter GDP data will be released today. Before that investors are cautious. India's economy is estimated to grow at a rate of 6.3% in this quarter. The increase in government spending helped to compensate for the weakness of domestic demand. However, the estimate for further growth is slightly restrained.
On Thursday, US President Donald Trump confirmed that a 25% tariff on Canada and Mexico will be imposed from March 4. Apart from this, an additional 10% tariff will be imposed on China from March 4 along with the already imposed 10% tariff. This has increased the pressure in the markets. US and Asian markets are down.
On February 27, foreign investors (FIIs) sold shares worth Rs 556.56 crore. In 2025, foreign investors have sold Indian shares worth more than Rs 1 lakh crore. Meanwhile, domestic institutional investors (DIIs), including mutual funds, have bought shares worth Rs 83,000 crore during this period.