There has been a huge decline in the stock market before the budget. Sensex is falling. Nifty also continues to fluctuate. Due to which investors are becoming unhappy. The Sensex continues to fall as foreign investors dominate the stock market. Continuous selling continued in the market on Monday also. As soon as the market opened, the crowd gathered. Sensex fell by 800 points.
On Monday, while the Sensex fell by 800 points, the Nifty also fell by more than 250 points. which worried investors Due to this ongoing turmoil in the market, the Sensex fell below the level of 75,434. In the morning the Sensex opened 490 points down at 75,700.43. By 11 am the fall reached 842. Nifty also opened with a fall of 150 in the beginning. A maximum decline of 265 points was recorded. At 11 am it was down 238 points at 22,854.
loss of 9 lakh crores
Due to this fall in the stock market, investors suffered a loss of more than Rs 9 lakh crore. The market cap of all the companies listed on BSE fell to Rs 410.03 lakh crore. The stock market is crashing due to continuous selling by foreign investors. FPIs sold shares worth Rs 64,156 crore till January 24. The company’s quarterly results added fuel to the fire. Weak corporate earnings, US trade policies and continued withdrawal of foreign investors are hurting the market.
Market scared of Trump’s policies
It is also being affected by the threats that many countries including India are receiving to increase tariffs after Donald Trump becomes President. In this, a warning was given to impose 100 percent tariff on BRICS countries, while orders were given to impose 25 percent tariff on Canada and Mexico. Now US President Donald Trump has announced to impose 25 percent tariff on goods imported from Colombia. There is fear among investors due to this tariff increase. Investors are adopting a policy of caution.
Bad start to the market
Amidst the slowdown in global markets, domestic stock markets Sensex and Nifty remained bullish in early trading on Monday. Market volatility also increased due to ongoing selling by foreign capital markets. BSE Sensex was down 343 points or 0.45 per cent at 75,847.46 in early trade. NSE Nifty fell 108.95 points or 0.47 per cent to 22,983.25.
Zomato, HCL Technologies, PowerGrid, Tata Motors, Adani Ports, Reliance Industries, Indian Bank, Infosys, Tata Consultancy Services and HDFC Bank. in shares The decline continued. ICICI Bank, Hindustan Unilever, Larsen & Toubro, Nestle India, State Bank of India, ITC and Asian Paints were among the gainers.
