Sensex nosedives over 1,100 points, Nifty breaches 23,040; Key triggers behind market meltdown

At 1 PM connected February 11, the Sensex crashed 1,060 points, oregon 1.37 per cent, to 76,250, portion the Nifty slipped 345 points, oregon 1.48 per cent, to 23,036.

This marks the fifth consecutive league of losses for the indices, driven by anemic home earnings, planetary uncertainties, and caller commercialized warfare fears aft Donald Trump’s tariff hike connected alloy and aluminium imports.

The broader markets faced terrible selling pressure, with the BSE Midcap scale down implicit 2 per cent and the BSE Smallcap scale tumbling astir 3 per cent. All 13 large sectoral indices were successful the red, with financials, auto, and realty stocks starring the fall.

Key triggers for the marketplace plunge

1. Trump’s alloy tariffs: The erstwhile US president reinstated and expanded 25 per cent tariffs connected alloy and aluminium imports, impacting planetary commercialized sentiment.
2. Foreign capitalist exit: FIIs person pulled retired Rs 12,643 crore from Indian equities this month, exacerbating the downturn.
3. Rupee weakness: The rupee depreciated further, hitting 87 against the US dollar, arsenic assertive overseas slope dollar-buying and import hedging weighed connected sentiment.
4. Weak Q3 earnings: Major firms similar Eicher Motors missed nett and borderline estimates, sparking sell-offs successful car stocks.
5. Margin telephone pressures: High leverage successful mid-smallcap stocks triggered borderline calls, intensifying the rout successful broader markets.

Anil Singhvi’s take: ‘Time to beryllium cautious, not panic’ Market Guru Anil Singhvi emphasized that the ongoing correction is not unexpected. He highlighted that the Nifty’s past beardown enactment portion lies betwixt 22,800-22,950, adding, “If these levels hold, we could spot stability; otherwise, further downside cannot beryllium ruled out.”

On broader marketplace carnage, Singhvi noted, “Heavy leverage successful mid-smallcap stocks has made them highly vulnerable. It’s a clip for retail investors to beryllium cautious, not assertive buyers.”

Top losers and gainers:

• Apollo Hospitals, Eicher Motors, Shriram Finance, SBI Life, and Power Grid fell 2-6 per cent.
• Nifty Realty scale plunged implicit 3 per cent, with Phoenix Mills and Oberoi Realty dropping astir 5 per cent each.

Gainers included Adani Enterprises, Grasim, Infosys, Trent, and Bharti Airtel, rising 1-3 per cent.

What’s next?

Experts expect markets to stay volatile successful the coming sessions, with absorption connected planetary cues, FII activity, and currency movements. Analysts counsel investors to debar bottom-fishing successful mid-smallcaps and instrumentality to prime large-cap stocks arsenic FIIs whitethorn instrumentality erstwhile the dollar weakens.

Investors are advised to support a adjacent ticker connected cardinal enactment levels and net reports successful the coming days to gauge further marketplace direction.