Mumbai, March 1, 2025 – The Indian stock market is in freefall, hemorrhaging nearly $1 trillion in investor wealth since September 2024, and the rupee’s catastrophic collapse is pouring fuel on the fire. The NSE Nifty 50 nosedived to 22,117 on February 28, down 18% from its peak of 26,277, while the BSE Sensex cratered to 73,192, a brutal 14% plunge from its high of 85,978. This is the market’s longest losing streak in 29 years, and the imploding Indian rupee is dragging it into an abyss. 
The rupee has disintegrated, slumping to an all-time low of 85.5 against the U.S. dollar this week, down over 8% since January 2024—a steeper fall than during the 2013 taper tantrum. A surging dollar, fueled by U.S. economic shifts and tariff threats, has turned India’s currency into Asia’s second-worst performer this year, shredding its value and amplifying the stock market’s misery. Foreign investors have fled in droves, pulling out $25 billion since September, including $4.1 billion in February alone, as the rupee’s collapse erases their returns and global trade war fears intensify. 
Domestically, the picture is even bleaker. Weak earnings, absurdly high valuations, and a slowing economy have gutted confidence. Small- and mid-cap stocks are being annihilated, with the Nifty Smallcap 100 and Midcap 100 down 26% and 22% from their highs. Yesterday’s carnage—a 1,400-point Sensex drop and 425-point Nifty crash—pushed the market’s total capitalization below $4 trillion, a far cry from its $5.14 trillion peak in December. Derivative markets signal more pain ahead, with the Nifty potentially tumbling to 21,800 soon. 
Investors, this is your last warning: get out now. The stock market is a house of cards, and the rupee’s relentless collapse is the wind tearing it apart. Your wealth is evaporating—every rupee devaluation slashes deeper, and foreign exits are turning this into a rout. Cash out, save what’s left, and run. Waiting for a rebound is a delusion in this disaster.