Stock Market Cell-off: Sensex crashes 10,800 points from the peak; Tata Motors, Asian Paints, IndusInd Bank Lead Los | Stock market news

The Indian stock market on Friday continued the below for the fourth consecutive season, weighed by weak global signals. Benchmark indices, Sensex and Nifty 50On February 21, more than 0.5% declined, which was inspired by heavy sales in auto, pharmaceutical, financial and FMCG stocks.

The 30-one BSE Sensex fell from 560 points to 75,175.97. The index has recorded losses in 12 of the last 13 sessions, during this period more than 3,400 points, or more than 4%.

especially, Sensex Its record of 85,978.25 declined by high to 12.5%, achieved on September 27, 2024, marking a cumulative decline of 10,802 points. This decline has been attributed to continuous sale by foreign institutional investors (FII) since October 2024, as they seek opportunities in more affordable markets.

Additionally, global geopolitical uncertainties, signs of slowing down domestic economic development, and weak corporate income have contributed to the market recession.

The recent hazards of high tariffs on import by US President Donald Trump have also created instability in global financial markets.

Market spirit amid tariff concerns

“In terms of Trump’s tariff dangers, the market is negatively responding to potential tariff goals such as auto and pharmaceuticals and is looking for opportunities in domestic consumption plays that will not be affected. Tariff dangerThis is likely to be a short -term trend because Trump’s strategy is to threaten with tariffs and then to interact for reduction in tariffs on US exports. The main investment strategist of Jiojit Financial Services, Dr. VK Vijaykumar said that it will take time to play.

He further stated that high tariff on imports in the US is not in the interest of America as it will be a state of inflation, inviting Hawkish comments from the Fed, which will, in turn, affect the US stock market. Trump will not like this result and therefore, he is using the interim period to interact with business partners.

Vijaykumar also hopes that FII sales will continue in India, especially in the context of a fresh interest in Chinese stocks who are cheap and staging a smart recovery.

“The sale of FII will continue to put pressure on larges. This is an opportunity for long -term investors. Select the midcap like the defense sector that have corrected and are now quite valuable, as they are likely to shop as they do not face the danger of selling FIIs, ”Vijaykumar said.

Major Sensex components running the decline

Many heavyweight stocks have contributed significantly to Sensex’s recession in recent months:

Tata motors, Tata motors The share price has been the worst artist among the Sensex components, a decline of over 36% in the last six months and traded below 43% from the high level of its 52-week.

Asian Paints: Asian paints In the last six months the price of stock has exceeded 28% and currently exceeds 34% of its 52-week high.

Adani Ports and SEZ: Adani Group Stock has given negative returns of more than 25% in six months and is trading below 32% from the high level of 52-week.

Indesind bank, Private lender shares have declined by 24.55% in six months, which is 34% below their 52-week high.

Powergrid Corporation of India: The PSU stock has fallen by 21% in the last six months and is currently 29% below its 52-week high.

With the ongoing FII outflow and global uncertainties, market participants are closely monitoring geo -political development and corporate income for further signals.

Sensex outlook

On Friday, Sensex violated the important technical support level of 75,500, the next major support was now seen at 75,200.

“If the Sensx closes below the significant support level of 75,200, in Lakshmishree Investment and Securities.

On the contrary, Jain said that Sensex could face resistance to its 20-day moving average (DMA) of 76,600. A decisive above this level may pave the way for the next reverse target on a 50-day moving average (DMA), located at 77,490.

Disclaimer: The views and recommendations made above are of individual analysts or broking companies, not Mint. We recommend investors to investigate with certified experts before taking any investment decisions.