After suffering their biggest intraday drop of the year 2025 and extending losses to the eighth straight day, the domestic markets are likely to monitor some key market triggers in the first week of March. Monthly auto sales, US President Donald Trump’s tariff announcements, foreign fund outflow, domestic and global macroeconomic data, and global market cues will dictate the market direction next week. Last week, domestic markets extended their losing streak for the third consecutive week.
The Sensex declined 2,113 points, or 2.8 percent, during the week, to close at 73,198. The Nifty slumped 671 points, or 2.9 percent, to close at 22,125. The Sensex has slumped 12,780 points, or 15 percent, from its record peak of 85,978 in September last year. And Nifty has crashed 4,153 points, or 16 percent, from its record high of 26,277 in September.
Meanwhile, as the new month begins, market participants will closely track high-frequency data, including auto sales and PMI figures. India’s Composite PMI output for February will be released on Wednesday.
Across the globe, US Fed Chairman Jerome Powell’s speech and the impact of major tariffs by the US president will also be keenly watched. Manufacturing PMI data in the US, UK, and China will be released next week.