Stock market update: The pressure on markets around the world has increased after US President Donald Trump’s decision to increase the tariff. Its impact was also seen on the Indian stock market, where the Sensex fell 731 points (0.57%) to 76,774 in the pre-opening session, while the Nifty was also trading at 23,239, while the Nifty was also trading at 23,239.
Stock market opened as soon as it opened
As soon as the market opened, the selling was seen and the Sensex fell 710.70 points to 76,795.26 while the Nifty was trading at 23,270.40 at 211.75 points. In early trade, shares of large companies came under selling pressure and banking, IT and auto sector declined a major decline.
Investors panic due to American policies
Donald Trump’s indication of tariff war has increased uncertainty in global markets. If the US makes major changes in its import duty, it can also affect Indian companies and exporters. Due to these concerns, foreign investors intensified their selling, which increased the pressure on the market.
Rupee at the lowest level against the dollar
On the other hand, the rupee has reached the lowest level against the dollar. The rupee crossed the 87 level for the first time. The rupee closed at 86.61 on Friday, but today it opened with a huge decline of 41 paise at 87.02, which is being celebrated as the biggest fall after February 2023. However, the fall did not stop here and the rupee fell 55 paise to cross 87.17 against the dollar. The dollar is getting stronger due to the tariff war launched by US President Donald Trump. The dollar index rose 1.4% to 109.84.
Investors lost Rs 5 lakh crore
The total market capitalization of companies listed in BSE declined by Rs 1,000 crore due to the decline in the market. A reduced from Rs 424 lakh crore to Rs 125 lakh crore. A scam of Rs 419 lakh crore came to light, due to which investors lost about Rs 100 crore in five minutes. There was a loss of Rs 5 lakh crore.
