February 28, 2025, Market Overview: Benchmark fairness indices BSE Sensex and Nifty50 sharply decreased on Friday, monitoring susceptible global cues amid heightened change tensions.
At the opening bell, the BSE Sensex fell by 519.70 points (0.70%) to 74,092.73, whilst the Nifty50 declined 171.05 factors (0.76%) to 22,374.
Global Market Sell-off: Global inventory markets plunged on Friday, February 28, 2025, following US President Donald Trump’s announcement of the latest tariffs. The US authorities showed that tariffs on Mexico and Canada would take effect from March 4, whilst an additional 10% tariff could be imposed on Chinese goods. Trump also hinted at a 25% tariff on European Union imports in the near future.
Asian markets reacted negatively to those developments:
- Japan’s Nikkei tumbled 2.7%
- South Korea’s Kospi dropped 2.2%
- Australia’s ASX200 slid 0.7%
- Overnight, US inventory markets also suffered losses:
- S&P 500 fell 1.59%
- Nasdaq Composite dropped 2.78%
- Dow Jones Industrial Average slipped 0.45%
Tech stocks have been particularly hit difficult, with Nvidia shares plunging over 8%, contributing to the Nasdaq’s steep decline.
Stock Market Outlook for Today, February 28:Indian markets are expected to stay under stress as buyers react to international marketplace tendencies. Additionally, key home and international information releases, which include India’s Q3 GDP figures and Japan’s inflation facts, will affect buying and selling sentiment. Other elements that could power the markets include:
- Stock-unique movements
- Foreign Institutional Investor (FII) flows
- Rupee’s performance in opposition to the USA greenback
Disclaimer: The information furnished in this article is for informational functions only and should now not be construed as financial advice. Stock market investments are subject to marketplace risks, and past performance is not indicative of destiny results. Readers are recommended to conduct their studies or discuss with a monetary professional earlier than making any funding decisions.