The tsunami phase in the stock market is not taking the name of stopping. On the fourth consecutive trading day, the stock market saw a huge decline and as soon as the Sensex opened. On Tuesday, the main index Sensex of the market was exposed as soon as it opened. At the same time, the Nifty 50 is also seen to decline. The Sensex fell around 246 points in early trade. If we look at the last three days, investors have lost more than Rs 13 lakh crore.
Investors lost Rs 13 lakh crore
There is still a weak trend in the Indian stock market. The market situation has remained the same since the last four business days and according to market experts, it is going to remain the same for the next few days. During the ongoing selling in the market, investors have lost more than Rs 13 lakh crore. Many factors are responsible for this decline.
Why this decline in the Indian stock market?
There are many factors behind this decline in the Indian stock market. FII selling, global uncertainty and rising crude oil prices, uncertainty over the US-India trade agreement, weak quarterly results and high market evaluation market are under pressure. If we talk about foreign investors (FIIs), then there is heavy selling pressure from them. In the last week, FII selling reached ₹ 13552 crore. This selling has spoiled the market mood and the stock market is seeing a huge decline.
Crude oil prices continue to rise between global unrest and Russia between US and European Union sanctions. Brent crude rose 0.29% to $ 68.64 per barrel. Increase in crude oil prices means an increase in inflation. Which is having a negative impact on the stock market. Companies did not show the quarterly results to the market, causing pressure on the market. Especially IT companies have spoiled the market mood. Selling in companies such as TCS, Wipro, HCL Tech and Tech Mahindra has spoiled the market senses. At the same time, the country’s largest IT company TCS has spoken of retrenchment of 12,000 employees, which has increased the concern of investors.
There is suspense over the trade agreement between the US and India, due to which there is a lot of confusion among investors. Their trust is becoming less. Especially there is a confusion about the sectors that are business with the US. The deadline of August 1 is approaching, but the conversation about this deal remains negative due to not being able to finalize yet.
