On Tuesday, February 11, 2025, the Indian stock market continued its downtrend in the red zone. Two major stocks, Sensex and Nifty, recorded substantial losses. The BSE Sensex plunged over 1,000 points, closing below 76,300, while the Nifty50 index ended just above 23,050. This decline led to an estimated loss of ₹9 lakh crore for investors.
44 out of 50 Nifty stocks went red, with Apollo Hospitals, Shriram Finance, Coal India, and Eicher Motors leading with over 6.7% losses. Adani Enterprises, Trent, Grasim, Bharti Airtel, and Hindalco were among the few stocks that survived with tiny 0.76% gains.
This downturn is due to investor concerns over the newly announced U.S. tariffs. President Donald Trump announced sweeping tariffs, including a 25% duty on imports from Canada and Mexico and a 10% tariff on goods from China. These measures have raised fears about potential impacts on corporate profitability and global trade dynamics.
In response to these developments, markets worldwide have been extremely volatile. Analysts say the combination of heightened trade tensions and existing market vulnerabilities has contributed to the current sell-off.
In a related development, the Indian Steel Association (ISA) has raised serious concerns about the U.S. imposing tariffs on steel imports. The organization calls on the Indian government to advocate for removing “long-standing anti-dumping and countervailing duties” while seeking exemptions from these trade restrictions.
According to the ISA, the newly introduced tariff could reduce steel exports to the U.S. by as much as 85%. This sharp decline may result in a significant steel surplus, which could overwhelm the domestic market. Investors are advised to exercise caution and closely monitor the evolving situation in the stock market.
