Sensex Tanks 960 Points, Nifty 50 Slips Below 25200: Why Stock Market Fell Today

Why Stock Market Fell Today: Domestic equity benchmarks, Sensex and Nifty 50, tanked in the final session of February, amid rising geopolitical tensions. The indices were pressured by all sectors, except IT.

The BSE Sensex fell 961.42 points, or 1.17 per cent to close at 81,287.19, while the NSE Nifty 50 tumbled 317.90 points, 1.25 per cent, to settle at 25,178.65.

The sell-off was broad-based as both the Nifty Midcap 100 and the Nifty Smallcap 100 closed over 1.10 per cent lower. Nifty 500, which represents more than 92 per cent of the free-float market cap of all the NSE-listed stocks, crashed about 1.20 per cent.

Barring IT, consumer durables and media, all other sectoral indices closed in the red.

Nifty IT, which has been on a continuous downtrend and has fallen more than 20 per cent in February, managed to end in the green, rising 0.16 per cent. The index extended gains for the third consecutive session after witnessing five straight days of meltdown.