The Sensex dropped by 817.09 points reaching an intraday low of 74,493.97. Meanwhile, the broader NSE Nifty fell by 247.55 points, or 1.08 per cent, to 22,548.35.read moreThe Sensex and Nifty indices fell over 1 per cent in early trading on Monday (February 24), following weak global cues and increasing concerns over US President Donald Trump’s threats of reciprocal tariffs.The Sensex dropped by 807.67 points, or 1.07 per cent, reaching an intraday low of 74,503.39.Meanwhile, the broader NSE Nifty fell by 247.55 points, or 1.08 per cent, to 22,548.35.Ongoing selling pressure from foreign institutional investors (FIIs) added to the negative market sentiment, compounding domestic worries.AdvertisementAll 13 major sectoral indices were in the red, with financial and IT stocks experiencing significant losses.Why did the Indian stock market crash?Trump tariffs: Markets are on edge due to President Donald Trump’s threat to impose reciprocal tariffs on India and China.During the swearing-in of Commerce Secretary Howard Lutnick on Friday, Trump announced that his administration would “soon” implement these tariffs. He stated, “Whatever a company or a country, such as let’s say India or China or any of them, whatever they charge, we want to be fair … so reciprocal.”Attractive China stocks: The sharp surge in Chinese stocks is another near-term headwind. “The ‘Sell India, Buy China’ trade may continue for some time since Chinese stocks continue to be attractive,” said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.Continued FII selling: Foreign Institutional Investors (FIIs) have continued their selling trend. On Friday (February 21), offloading equities valued at Rs 3,449.15 crore. This has escalated the total withdrawals for the month to over Rs 23,710 crore. As a result, the cumulative outflows for 2025 have surpassed Rs 1 lakh crore, attributed to ongoing concerns about global trade, according to Moneycontrol.More from India
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Bears cause bloodbath in Indian stock market: Sensex, Nifty fall over 1% amid Trump tariff concerns
