Stock Market Crash: Indian stock market current with Trump tariff, 19 lakh crores of investors drowned
New Delhi:
The Indian stock market was exposed to today i.e. April 7. In pre-open trade, the Sensex declined by over 3,900 points to around 71,449, while the Nifty broke over 1,100 points to slipped below 21,758. In this way both Sensex and Nifty have dropped more than 5 percent. This is believed to be the biggest decline after 4 June 2024. Earlier, on 4 June 2024, both index had fallen by more than 8%, which was due to the market panic over the Lok Sabha election results at that time.
At 9:35 am, the Sensex was down by 2,381 points or 3.12 percent to 73,010 and the Nifty was 816 points or 3.56 percent to 22,088.
BSE and NSE listed companies fall strongly in market cap
In early trade, the Sensex was trading at 72,724.74 at 72,639.95 points or 3.50 per cent at 72,724.74 in early trade and the Nifty was trading 869.10 points or 3.79 per cent to 22,035.35. Due to this selling, the market cap of BSE listed companies declined by Rs 16.19 lakh crore. At the same time, the market cap of NSE listed companies saw a decline of Rs 20 lakh crore.
IT and metal index broken more than 7%
The shares of all the 30 companies involved in the Sensex were in loss. Tata Steel’s stock was more than eight percent while Tata Motors shares fell in more than seven percent. HCL Technologies, Tech Mahindra, Infosys, Larsen & Tubr, Tata Consultancy Services and Reliance Industries’ sheyre also suffered heavy losses.
All the sectoral index is trading in red mark, with 7-7 percent decline in IT and metal. The BSE midcap and smallcap index falls by 6-6 percent.
What is the reason for the decline in the stock market?
There are many global and domestic reasons behind today’s huge decline in the Indian stock market. The biggest reason is US President Trump’s tariff policy, which has shaken the global market badly. This has increased restlessness among investors around the world. Earlier, markets like Japan, Hong Kong and Australia also saw a sharp decline, due to which it is clear that the worry of trade war is now shaking the whole world.
Chance of recession up to 60% in the world
On the other hand, the fear of global slowdown has also increased. JP Morgan has described the possibility of recession in the US and the world up to 60%. Apart from this, investors are also eyeing the meeting of RBI’s Monetary Policy Committee (MPC) starting today, due to which there is more uncertainty in the market. All these factors have created a huge selling atmosphere in the market.
Sensex-Nifty’s bad condition last week
The stock market closed in red mark in Friday’s trading session. The Sensex fell by 930 points or 1.22 percent to 75,364 and the Nifty was 345 points or 1.49 percent weakness at 22,904 due to all -round selling in the market.
Last week, the 30 -share Sensex of BSE came down 2,050.23 points or 2.64 percent. At the same time, the Nifty of the National Stock Exchange was in a loss of 614.8 points or 2.61 percent. During the last week, the market capitalization (market cap) of nine companies out of the top 10 companies collectively fell by Rs 2,94,170.16 crore.
According to the stock market data, foreign institutional investors (FIIs) remained pure selling in the capital market. He purely sold shares worth Rs 3,483.98 crore on Friday.