- India,
- 28-Feb-2025 10:18 AM IST
Share Market Crash: On the last day of February, the stock market also witnessed a huge decline. Both the Bombay Stock Exchange (BSE) Sensex and the National Stock Exchange (NSE) Nifty opened in the red. As soon as the market opened, a huge decline was registered and key levels were broken. By the time the news was written, the Sensex had fallen by more than 900 points, while the Nifty fell by more than 200 points.Current market situationAs soon as the stock market opened, a huge decline was seen. The Sensex opened with a decline of 686.45 points at 73,925.98 and the Nifty opened with a decline of 219.85 points at 22,325.20. In early trade, about 539 stocks rose, while 1,702 stocks declined.Huge losses to investorsThe month of February has given a big blow to the investors. As soon as the market opened, investors lost more than Rs 4 lakh crore.On 27 February 2025, the total market capitalization of all the companies listed on BSE was Rs 3,93,10,210.53 crore. Today, on 28 February 2025, when the market opened, it fell to Rs 3,93,10,210.53 crore, reducing the wealth of investors by Rs 4,27,514.1 crore.Major reasons for declineThe main reasons for the decline in the market are as follows:US tariff announcement: US President Donald Trump announced the imposition of new tariffs on imports from Mexico and Canada. This affected the global markets, which also affected the Indian stock market.Foreign investors' selling: Foreign institutional investors (FIIs) are continuously selling in the Indian markets, due to which the market is witnessing a huge decline.India's third quarter (Q3) GDP figures: New data related to the country's economy is going to be released, due to which there is uncertainty among investors.Future prospectsGiven the current scenario, volatility may persist in the market. Investors are advised to be cautious and focus on long-term investments. It will be necessary to keep an eye on the market situation, as global and domestic factors will play an important role in it.