Ep-1008 | Daily Money Show | Stock Market News Today

88.5K views · Feb 24, 2025 · 20:53 min · Watch on YouTube ↗

Takeaway

Weak US consumer sentiment is dragging Indian IT - expect more near-term pressure on tech-export names.

Summary

Sensex fell 856 points to 74,454 and Nifty fell 242 points to 22,553 on weak US consumer-sentiment data over the weekend.
IT index alone dragged 94 points off Nifty as US consumer sentiment for February dropped sharply - US client spending concerns.
Mid-cap fell 0.96% and small-cap 1.24%; Bank Nifty down 0.67%.
Pressure may continue as US economic slowdown fears mount; IT services and IT-product names most exposed.
Indian growth story intact but watch US-data flow before adding aggressively.

IT SectorUS SlowdownMarket CrashConsumer SentimentNifty

Original description

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