Stock Market Crash Today: On February 26, Friday, the stock market is seeing a huge decline. The Sensex has lost 1800 points during trading. At the same time, the Nifty has slipped about 450 points to around 14600. Global sentiments have been very bad for the market. Bank and financial stocks are seen selling heavily. The second big reason behind this decline of the market is that one of the 10 year bond yields has increased in the US. At the same time, the air strike on Syria by the US has also scared Niveyak. India’s GDP figures for the December quarter will come today, before which Niveyak seems cautious. At the moment, due to the huge fall in the market, investors lost about 4.5 lakh crores of rupees in a few hours.
Currently the Sensex is down by about 1800 points and it has weakened to the level of 49191 today. At the same time, the Nifty is down by 450 points and it is trading below the level of 14650. There is a sharp decline in largecap stocks. Only 4 stocks of Sensex 30 are up. Banks and financial indices have weakened more than 4 percent on the Nifty.
What to say about expert
Ajit Mishra, VP-Research, Religare Broking, says that the continuous increase in 10-year bond yield has eroded investor sentiment. Due to which, sales have been seen in the global market. Apart from this, there is also a live political tension behind selling in the market. The US has conducted an air strike on Syria, which has scared investors and has started making profits in the market.
4.5 Lakh Crore Clean
In this huge decline of the market, 4.5 lakh crores of investors were drowned in a few hours. The market cap of the BSE listed companies on February 25 was Rs 2,06,18,471.67 crore. Whereas at 12:45 pm on February 26, it came down to Rs 2,01,37,455.55 crore.
5 big reasons for decline
- America’s attack on Syria has spoiled the sentiments of markets across the world. Geopolitical tension has increased. The air strike took place at the behest of US President Joe Biden. US has taken action on terrorist organizations supported by Iran. This air strike has taken place at the border of Syria and Iraq. Niveyak was scared after this.
- There has been a rise in the 10-year bond yield in the US. The rise in bond yields has distanced investors from risky investment options such as the equity market. The US Treasury Yield has reached a high level since the eruption of the Corona epidemic. Bond yields have seen an increase not only in the US but also in Japan and India, which has put pressure on the equity market.
- Today the economic health of the country will be known. GDP figures will be released for the December quarter. By the way, it is believed that good news can be received about the growth in the December quarter. But Niveyak is cautious before this. Actually, the market valuation is high. In such a situation, any negative sentiment about the economy can become a reason for weakness in the market.
- Global Sentiments are weak for the market. Thursday saw heavy selling in major US markets. The Dow Jones lost 560 points and closed at 31,402. The Nasdaq and S&P 500 indices also weakened. At the same time, there is a sell in major Asian markets including SGX Nifty.
- The second wave of COVID-19 has also become fear. In the last 24 hours, more than 15 thousand cases have come again. There were more than 8000 cases in Maharashtra. Till now 5 new strains have been detected in India.