5.8 lakh crore rupees of stock market investors within 1 hour
The Indian stock market today created a ruckus amidst US President Donald Trump’s tariff policy and concerns related to GDP data. After opening in a red mark on Friday, selling in the market dominated the market. While the Sensex fell to 900 points on one side, on the other hand the Nifty 50 also reached below 22,300 points in early trade. Around 9.39 am today, the BSE Sensex declined by 929 points (1.25 percent) to 73,683 points and the Nifty fell 273 points (1.21%) to 22,271. On the last day of February, about Rs 5.8 lakh crore of stock market investors drowned due to this decline during early trade.
5.8 lakh crore rupees of stock market investors within 1 hour
On Friday, the total market cap of list companies on BSE fell by Rs 5.8 lakh crore to Rs 387.3 lakh crore in early trade. Today, the shares of the Nifty IT index saw a huge decline of up to 4%. Persistent Systems, Tech Mahindra was the most fallen shares. Meanwhile, the Nifty Auto Index opened with more than 2%, while Nifty Bank, Metal, Pharma, Consumer Durables and Oil and Gas Index also recorded a decline of 1 to 2%.
The dollar getting stronger increased the concern of all markets like India
The US dollar has reached the highest level of the world as compared to the world’s major currency due to the increasing concerns of the trade war among Donald Trump’s tariff policy. The US dollar index evaluating the dollar against the 6 major currency rose to 107.35 on Friday. Let us tell you that the dollar is not good for emerging markets like India, because the strengthening of the dollar makes foreign investment quite expensive and equity causes a tremendous outflow of capital.
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