India’s stock market is seen collapsing with US President Donald Trump’s 100 percent pharma tariff bomb. Pharma shares are seeing the biggest decline. From Sun Pharma to Dr. Reddy’s shares, there is a huge decline. After the announcement of Trump, there were speculations that the stock market could see a decline for the sixth consecutive day. Something similar happened after the market opened. Where the Sensex is seeing a decline of more than 450 points. At the same time, the Nifty is also seeing a decline of more than 110 points. Apart from Pharma, Trump has also imposed tariffs on kitchen cabinet, furniture and heavy trucks, but the most tariff is on pharma. Let us also tell you what kind of figures are being seen in the stock market.
stock market crash
There is a decline in the stock market for the sixth consecutive day. The Bombay Stock Exchange’s major index Sensex declined by more than 380 points to 80,778.02 points due to Trump’s tariff bomb; While the Sensex is seen trading at 80,708.34 points with a decline of 451 points during the business session. At the same time, the Nifty 50, the major index of the National Stock Exchange, is also trading at 24,779.65 points with a decline of about 110 points. Whereas during the business session, the Nifty also fell by 132 points to reach the lowest level of the day at 24759 points. According to experts, the decline in both the stock market indices may increase further during the business session.
There is a major decline in pharma shares. The BSE Healthcare is seen trading at 42,944.17 points with a decline of 1043 points, or 2.37 per cent. Talking about shares, the shares of Sun Pharma are seeing a decline of more than 2 percent. While Dr. Reddy’s shares are seen trading with a decline of more than 1 per cent. Biocon’s shares are seen to fall by 2.37 per cent. Caplin Point shares were trading with a decline of nearly 6 percent. Solara and Walkforma shares are seen to have a 5-5 percent decline. The shares of Newland, Polymade, Star, KPL are also seeing a huge decline.
Big loss to investors
Investors have also suffered heavy losses due to the decline in the market. Looking at the BSE figures, the market cap of BSE was Rs 4,57,69.91 crore a day earlier, which was reduced by Rs 4,53,441,73.1 crore during the trading session. That is, during the business session, the market cap of BSE caused a loss of about 4 lakh crore rupees. This is also a loss of investors. According to experts, this loss may increase during the trading session.
