On February 24, India's stock market saw a drastic decline, with the Nifty IT index dropping nearly 5%—the worst performance in two years. Both major indices, Nifty and Sensex, fell over 1% on that day, further worsening a streak of poor performances in the market over the past four days. Financial experts speculate that the reason behind this stark downturn could be connected to actions or statements from former US President Donald Trump, suggesting a potential correlation or impact from international markets affecting Indian stocks.

The crux of the decline was particularly felt in India's IT sector, which has been a crucial part of the country's economy. Among the 50 stocks in the Nifty 50 index, around five were IT companies, all of which saw significant price drops of nearly 7%. By the end of the day, the Nifty 50 index fell by 288 points, landing at 25,424 points, whereas the Sensex saw a larger fall of 1,068 points, closing at 82,225 points. This steep decline raises concerns regarding the stability and future performance of the Indian stock market.

The implications of such a drop are multifaceted, affecting investor confidence and the overall economic landscape. Investors will be closely monitoring how both domestic and international factors continue to influence the market. Given the global linkage of financial markets, the potential influence of a prominent figure like Trump underscores the interconnectedness of economies worldwide, indicating that even local markets are not insulated from external pressures.