It happened just as I feared Yes, stock markets around the world are in turmoil due to Donald Trump’s continuous tariff attacks. On the third trading day of the week, Asian markets fell sharply as soon as they opened, giving negative signals to the Indian stock market as well. Although Sensex and Nifty had a slow start on Wednesday, this slowness turned into a big fall within an hour. BSE Sensex fell nearly 1100 points from the day’s high in one fell swoop. A huge fall was also seen in NSE Nifty. However, after falling to this level there was some recovery in the index.
Sensex-Nifty again with a bang
The stock market continues to decline for three consecutive trading days. Tuesday proved to be an inauspicious day for stock market investors, and the situation remained the same on Wednesday. Initial minor fluctuations quickly turned into major declines. BSE’s 30-share Sensex opened at 81,794, down from the previous close of 82,180, and initially rose to 82,282, but from this level the Sensex suddenly fell to 81,124. The National Stock Exchange’s Nifty index also fell like the Sensex, falling 358 points from the day’s high. Nifty-50 opened at 25,141, down from the previous close of 25,232, and settled at 24,919 after touching 25,277.
repeated shocks to investors
Due to continuous decline in the market, stock market investors are facing shocks one after the other. Their hard-earned money is being lost every day. Investors have lost more than Rs 15 lakh crore in just three trading days of the market decline. BSE’s market capitalization fell to ₹465.68 lakh crore on Monday, the first trading day of the week, and fell further to ₹455.72 lakh crore on Tuesday, a drop of more than ₹10 lakh crore in a single day. It saw another big fall on Wednesday and at the time of writing this report it had fallen to ₹4.53 lakh crore.
The biggest decline was seen in these 10 stocks:
Amid the sharp fall in the stock market on Wednesday, the stocks that witnessed the biggest fall in the large-cap category included ICICI Bank (1.81%), LT Shares (1.73%), Trent Shares (1.70%), and BEL Shares (1.54%). In the mid-cap category, Kalyan Jewelers shares (11.53%), Paytm shares (4.26%), and Coforge shares (3.84%) were trading down. Besides, in the small-cap category, FronSP shares (8.16%), Rama Steel shares (7.50%), and INOX Green shares (6.98%) were also trading down.
Reasons for the market falling!
VK Vijayakumar, Chief Investment Strategist, Geojit Investments, said global markets are under pressure due to Trump’s Greenland policy, threat of tariffs on eight European countries and strong anti-Trump sentiment in Europe. If Trump’s proposed tariffs are implemented, Europe would retaliate, triggering a trade war with serious consequences for global trade and global growth. This fear is having a direct impact not only on India but on the markets around the world.