The stock market closed down with a major decline today. The stock market declined a major decline on Monday. The Sensex declined by more than 2600 points and now at 3.30 pm the stock market has closed in red mark. The Sensex fell 2043 points to close at 73,321 points. While the Nifty fell 742 points to close at 22,242.
Investors lost Rs 18 lakh crore in 10 minutes
On Monday, investors have suffered heavy losses due to the major fall in the Indian stock market. As soon as the market opened, the market cap of companies listed in BSE fell to Rs 1,000 crore. It has increased to 3,86,01,961 lakh crore. It was Rs 404,09,600 lakh crore on Friday. Thus, within 10 minutes of opening the market, the assets of investors decreased by Rs 18,07,639 crore.
What is the reason for the decline in the stock market today?
1. US President Donald Trump imposed 54 percent tariff on sugar exports. In response, Beijing imposed 34 percent tariff on all American imports.
2. Analysts believe that tariff policy may increase inflation in the US. This will weaken the demand and increase the risk of recession. Bernstein said that these fees are very important, as about 60 percent of the affected imports are now being charged more than 20 percent.
3. After the stress of the global trade war reached the peak, the improvement in the purchase of Indian equity by global funds has reversed. Foreign Institutional Investors (FIIs) have been pure sellers for the last five trading sessions. As a result, 1.5 trillion rupees have been an outflow this year. During the same period, domestic institutional investors bought shares worth ₹ 1.93 lakh crore.
The Post Stock Market Closing: Stock market boom, Sensex fell 2,043.64 points to 73,321 closed first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
