Stock Market Crash: Sensex & Nifty 50 Down Over 1.50 Per Cent; Broader Indices Bleed With Losses Over 3.8 Per Cent

The Nifty 50 has dropped by 1.64 per cent to 22,998.65, while the Sensex is lower by 1.59 per cent at 76,082.88.

Market Update 2:05 PM: Indian equity markets are experiencing a significant downturn in afternoon trade today. The Nifty 50 has dropped by 1.64 per cent to 22,998.65, while the Sensex is lower by 1.59 per cent at 76,082.88.

Broader market indices are under immense pressure, with substantial declines across the board. The Nifty Midcap 150 has plummeted by 3.46 per cent to 18,735.55, and the Nifty Smallcap 250 has plunged by 3.83 per cent to 15,092.75.

Market volatility has intensified, with the India VIX rising to 15.20.

Several factors are contributing to the market's decline. US President Donald Trump's recent tariff announcements have negatively impacted both domestic and international markets. Furthermore, the ongoing outflow of foreign institutional investment from Indian equities, coupled with a weakening rupee, is exacerbating the selling pressure.

Sectorally, all sectors are trading in the red. Nifty IT (-1.59 per cent) and Nifty Metal (-1.99 per cent) are among the relatively better-performing sectors. On the other hand, Nifty Realty (-3.88 per cent), Nifty Healthcare (-2.83 per cent), and Nifty Consumer Durables (-2.63 per cent) are the worst-performing sectors.

Among Nifty 50 constituents, Adani Enterprises, Grasim, and Bharti Airtel are the Top Gainers, while Eicher Motors, Apollo Hospitals and Shriram Finance are the major losers.

Market breadth is overwhelmingly negative, with 225 advances and 2,552 declines, reflecting strong bearish sentiment among investors.

Market Update 12:00 PM: Indian equity markets are trading significantly lower in afternoon trade today. The Nifty 50 has decreased by 0.56 per cent at 23,250.55, while the Sensex is down by 0.49 per cent at 76,935.14.

Broader market indices are witnessing substantial declines. The Nifty Midcap 150 has plunged 2.43 per cent to 18,935.55, and the Nifty Smallcap 250 has plummeted 2.98 per cent to 15,226.50.

Market volatility is elevated, with the India VIX at 14.43.

Sectorally, all sectors are in the red. Nifty Metal (-0.30 per cent) and Nifty IT (-0.53 per cent) are the relatively better-performing sectors. Conversely, Nifty Realty (-3.18 per cent), Nifty Healthcare (-1.85 per cent), and Nifty Consumer Durables (-1.53 per cent) are the worst-performing sectors.

Among Nifty 50 constituents, Adani Enterprises, Grasim, and Infosys are the top gainers, while Eicher Motors, Apollo Hospitals, and Shriram Finance are the major losers.

Market breadth is extremely negative, with 311 advances and 2,382 declines, indicating strong bearish sentiment among investors.

Market Update 9:35 AM: Indian equity markets are trading lower in early trade today. The Nifty 50 is down by 0.31 per cent at 23,309.25, while the Sensex has decreased by 0.20 per cent at 77,157.82.

Broader market indices are also showing negative trends. The Nifty Midcap 150 has declined 1.33 per cent to 19,148.80, and the Nifty Smallcap 250 has slipped 1.97 per cent to 15,383.80.  

Market volatility has increased, with the India VIX up 1.95 per cent to 14.73.

Sectorally, Nifty FMCG (0.04 per cent) and Nifty IT (0.03 per cent) are the only sectoral gainers. On the other hand, Nifty Realty (-2.25 per cent), Nifty Healthcare (-1.30 per cent), and Nifty Consumer Durables (-0.88 per cent) are the top sectoral laggards.

Among Nifty 50 constituents, Infosys, Hindalco, and Trent are the top performers, while Eicher Motors, Apollo Hospitals, and PowerGrid are the major draggers.

Market breadth is negative, with 370 advances and 1,993 declines, reflecting a cautious sentiment among investors.

Market Update 8:15 AM: U.S. stock markets ended Monday’s session with solid gains as optimism surrounding AI-related stocks, led by Nvidia, provided a strong boost. Steel manufacturers also rallied after former President Donald Trump reaffirmed plans to implement additional tariffs on steel and aluminum imports.

The Dow Jones Industrial Average climbed 168.01 points, or 0.38 per cent, closing at 44,470.41. The S&P 500 advanced 40.45 points, or 0.67 per cent, to finish at 6,066.44, while the Nasdaq Composite surged 190.87 points, or 0.98 per cent, settling at 19,714.27.

Asian equities traded mostly higher on Tuesday, mirroring Wall Street's gains. Investor sentiment remained upbeat despite ongoing concerns about trade policies.

The GIFT Nifty suggested a favorable start for Indian stocks, with Nifty futures trading at 23,488 around 7:10 AM IST.

Domestic equity benchmarks witnessed a sharp decline on February 10, mirroring losses across broader Asian markets. Investor concerns heightened following former U.S. President Donald Trump's commitment to enforcing import tariffs, raising fears of global trade disruptions. By the closing bell, the Sensex tumbled 548 points, or 0.7 per cent, to settle at 77,311.80. The Nifty50 index also declined by 178.35 points, or 0.76 per cent, ending at 23,381.60.

Yields on the U.S. Treasury bonds remained unchanged on Tuesday, with the 10-year yield holding at 4.75 per cent and the 2-year yield steady at 4.37 per cent.

The U.S. dollar maintained its strength, edging slightly higher to 108.34 on Tuesday, following the announcement of increased tariffs on steel and aluminum imports. Market participants also awaited further details on potential reciprocal tariffs.

WTI crude oil prices sustained their gains above USD 72 per barrel on Tuesday, maintaining a nearly 2 per cent rise from the previous session. Supply concerns deepened as Russian crude production dropped further below its OPEC+ quota in January, while fresh U.S. sanctions targeted individuals and tankers transporting Iranian oil to China.

Gold prices surged past USD 2,930 per ounce on Tuesday, reaching an all-time high. Mounting trade tensions and economic uncertainty drove safe-haven demand, particularly after the U.S. imposed extensive tariffs on steel and aluminum imports, with expectations of additional trade restrictions ahead.

Foreign Institutional Investors (FIIs) were net sellers on February 10, offloading equities worth Rs 2,463 crore. Domestic Institutional Investors (DIIs) countered some of the selling pressure, purchasing equities worth Rs 1,515 crore on the same day.

Manappuram Finance remains under the F&O ban today.

Disclaimer: The article is for informational purposes only and not investment advice.