Stock Market Crash: Trump’s tariff warfare in the stock market … There is a huge decline in Sensex-Nifty
New Delhi:
The process of decline in the Indian stock market is not taking the name of stopping. After a huge decline on Tuesday, today, on Wednesday, Sensex and Nifty opened in red mark. On Wednesday, February 12, the Indian stock market is seen under pressure. The Sensex has slipped below 76,000 and the Nifty 50 has slipped below 23,000. In early trade, the BSE Sensex is trading at 851.09 points i.e. 1.12% to 75,442.51 at 10:00 pm. At the same time, the Nifty 50 has also fallen 251.10 points i.e. 1.09% to 22,820.70.
Today the Sensex opened at 76,188.24, which is 105.36 points (0.14%) below, while the Nifty is open at 23,050.80, which is in a fall of 21 points (0.091%). There is pressure in the market due to global uncertainties, selling foreign investors’ selling and American policies. After the major losses in the last session, the concern of investors remains intact.
Nifty’s realty index falls by more than 2%
Talking on sectoral basis, the Nifty’s realty index is seeing a decline of more than 2 percent. There is a decline of more than one percent in Auto, Pharma, Media, Energy and Infra. Only the IT index is trading in the green mark.
BSE top gainers and losquers
The Sensex shares were TCS, Infosys, Tech Mahindra, HCL Tech, HUL, Sun Pharma, Bajaj Finserv and ICICI Bank Top Gainers. M&M, Jomato, Reliance Industries, IndusInd Bank, Axis Bank, Power Grid, ITC, Asian Paints and NTPC were the top loosers.
A major decline in the stock market on the previous day
Let us know that on Tuesday i.e. Tuesday, the stock market saw a big decline, where the Sensex fell 1,018 points to 76,293 and the Nifty fell 309 points to close at 23,071. Due to this decline, investors suffered heavy losses and the total market cap of listed companies on BSE declined by Rs 9 lakh crore to Rs 408 lakh crore.
Selling continues in the stock market for sixth consecutive day
This is the sixth consecutive session when selling continues in the stock market. The Sensex has fallen to 2,290 points (2.91%) in the last five trading sessions. The main reason for this decline is by the US to impose 25% import duty on steel and aluminum, causing an atmosphere of recession in the global markets.
Why pressure on the market?
Selling of foreign investors: FIIs sold shares worth Rs 4,486.41 crore on Monday.
Global uncertainty: America’s new fee and the possibility of a possible trade war weakened the market.
Constant decline: The market is continuously suffering due to the last five sessions.
In such a situation, the stock market investors are now eyeing the global market movement and the upcoming economic policies, which can decide the direction ahead.