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Indian equity markets faced a significant downturn on Monday, February 10, 2025, influenced by global trade tensions and currency depreciation.
Market Performance:
BSE Sensex: Closed at 77,312, declining by 548.39 points (0.70%).
NSE Nifty 50: Ended at 23,382, down by 178 points (0.8%).
Contributing Factors:
Global Trade Tensions: The decline was primarily driven by U.S. President Donald Trump's announcement of new 25% tariffs on all steel and aluminum imports, leading to a significant drop in metal stocks.
Currency Depreciation: The Indian rupee weakened to an all-time low of 87.95 against the U.S. dollar, closing at 87.4750, due to concerns over U.S. tariffs and persistent portfolio outflows.
Sector Highlights:
Metal Stocks: The Nifty Metal index dropped by 2%, with Tata Steel and JSW Steel among the top losers, each declining around 4%.
Technology Stocks: Tech Mahindra outperformed the market, with shares increasing by 0.41% to ₹1,698.60, despite the overall downturn.
Global Context:
The market's downturn aligns with global trends, where concerns over new tariffs and economic policies have led to cautious investor behavior.
Sensex:
| Top Gainers | Top Losers |
| BHARTIARTL | ASIANPAINT |
| HINDUNILVR | KOTAKBANK |
| SBIN | ADANIPORTS |
| NESTLEIND | M&M |
NIFTY 50:
| Top Gainers | Top Losers |
| BRITANNIA | TATA STEEL |
| BHARTIARTL | CIPLA |
| HINDUNILVR | POWERGRID |
| TATACONSUM | JSWSTEEL |
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