Sensex crashed nearly 1400 points & Nifty over 400 points; Here’s everything you need to know

Indian stock market indices, Sensex and Nifty, faced significant selling pressure today amid rising fears of an escalating global trade conflict.

During Friday’s session, both benchmark indices were trading in the red, with the Sensex dropping by over 1,420 points, or roughly 1.9 percent, and currently at 73,192.7. Similarly, the Nifty 50 index fell by about 430.2 points, or nearly 1.9 percent, and is also in the red, trading at 22,118.95.

The market capitalization of BSE-listed companies dropped by a substantial ~Rs 6.1 lakh crore today, with the Nifty reaching a 9-month low. Over the past five trading sessions, the Nifty 50 has decreased by over 2.8 percent, while the Sensex has fallen around 2.7 percent.

Sensex and Nifty were trading significantly lower today, falling by over 1.8 percent, as investors reacted to new tariff threats from U.S. President Donald Trump and awaited the GDP data for the December quarter.

On 27th February, Trump announced that his proposed 25 percent tariffs on imports from Canada and Mexico would be implemented on 4th March instead of the previously announced date of April 2nd.

He also confirmed that China, which is already subject to a 10 percent tariff on its products, would face an additional 10 percent tariff starting 4th March, escalating concerns about a worsening trade dispute.

Reports suggests that Trump confirmed the tariffs would be implemented as scheduled. He claimed, without presenting evidence, that illegal drugs continue to “pour into our country from Mexico and Canada at very high and unacceptable levels,” despite both countries’ promises to enhance border security. He highlighted that these tariffs would remain in place until this issue is largely resolved.

Also read: Why did Whirlpool of India crash over 60%? Here’s what you need to know

Among the biggest losers on the NSE and BSE were IndusInd Bank, which dropped by 6.4 percent, Tata Steel, down by 3.3 percent, M&M, which fell by 5.1 percent, and HCLTech, down by 4.15 percent.

In addition to concerns over Trump’s tariffs, other factors contributing to the decline in indices include weak performance in Asian markets, the impact of Nvidia’s Q4 results, and growing concerns about the U.S. economy.

Hong Kong stocks dropped on Friday as Trump unveiled new tariffs on Chinese imports, and investors booked profits from tech stocks.

The Nikkei share index fell to a 5-month low of 37,084.44 on Friday, weighed down by losses in chip-related stocks, despite a strong growth forecast from Nvidia failing to boost market sentiment. Nvidia saw a sharp 8.5 percent decline overnight after the company issued a quarterly forecast for gross margin that was weaker than expected, overshadowing its positive revenue outlook.

The IT index also dropped by 4 percent, following data that showed U.S. weekly jobless claims had risen more than anticipated, fueling concerns that the global economy, particularly the U.S., might be slowing. At the same time, inflation expectations spiked due to the impact of Trump’s tariffs.

Written by Shivani Singh

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