The Indian stock market also started weak on Tuesday 11 March after a decline in US and Asian stock markets. Both Sensex and Nifty opened on red mark by 9.30 am. The Sensex opened 403 points to open at 73,711.19. While the Nifty opened at 22,347.45 points below 112.85 points.
Among the top 30 shares of the Sensex, Zomato, Tata Steel, Tech Mahindra, Tata Motors, Infosys, Axis Bank and TCS open on the red mark.
Big decline in US stock market
The US stock market fell drastically last night. On Wall Street, Dow Jones dropped 900 points, S&P 500 fell 3% and Nasdaq fell 4%.
On Monday, the biggest decline in Nasdac based on tech shares was recorded. It fell 4% to a low of six months. The reason for this decline is said to be a possibility of recession due to the tariff policies of US President Donald Trump.
The benchmark S&P 500 has fallen more than 8% from its February high level. While the Nasdaq improved the area last week, it had fallen more than 10% from its all -time high level in December.
Asian market is also in red mark
The Asian stock market opened for the third consecutive day on Tuesday (March 11). Because the impact of the decline in American markets was also seen here. Today, most of the index in early trade were in red mark. The stock markets of Australia, Japan and South Korea saw a decline. Japan’s Topix Index fell 1.9% and Australia’s S&P/ASX 200 index fell 1.3%.
