Bloodbath At Dalal Street: Sensex Tumbles 856 Points To Settle
Share Market: Bloodbath at the Dalal Street continues as India’s benchmark indices, Sensex and Nifty 50, settle down in red on Monday, February 24, 2025. The Sensex (index with top 30 firms) tumbled 856.65 points to settle at 74,454.41 on Monday. Meanwhile, Nifty50 (index with top 50 firms) was down 242.55 points to settle at 22,553.35 points.
What’s Behind The Bloodbath At Dalal Street?
- The Indian rupee is continuously witnessing decline. The INR is hitting fresh lows on almost every day.
- US President Donald Trump said that the new 25% tariffs would be imposed on all steel and aluminum imports, in addition to existing duties. This led to the fall of several stocks.
- The recent Delhi election results, which saw the BJP secure a decisive victory, were anticipated to bring stability to market sentiment.
- Union Budget, presented on February 1 and RBI’s MPC decision to cut the repo rate by 25 basis points (bps) to 6.25% failed to impress the equity markets.
Continuous selling by the foreign investors in Indian equities. Foreign investors have pulled out Rs 23,710 crore from Indian equities this month so far.
Stocks In Focus
Based on BSE data, here’s a snapshot of how key stocks performed in Monday’s trading session.
| Company | Price Change | Closing Price (Rs) |
|---|---|---|
| ICICI Bank | 1% Down | 1,220.25 |
| Tata Motors | 0.70% Down | 668.20 |
| TCS (Tata Consultancy Services) | 2.93% Down | 3,674.90 |
| Reliance Industries (RIL) | 1.05% Down | 1,214.75 |
| Zomato | 3.32% Down | 222.60 |
| HCL Technologies | 3.32% Down | 1,644.40 |
| Tech Mahindra | 2.19% Down | 1,613.20 |
| Adani Ports | 1.14% Down | 1,070.60 |
| ITC | 0.21% Up | 401.85 |
| Bajaj Finance | 0.55% Down | 8,350.15 |
On Monday, only 7 out of 30 Sensex constituents ended in the green, while the 23 Sensex stock closed in the red.
ALSO READ: Nifty, Sensex Drop Over 0.7% At Open, Muted Q3 Earnings And FIIs Selling Contributing In Decline
Written By
Akshat Mittal
Feb 24, 2025 16:05