Share Market News: Tuesday proved to be an inauspicious day for the Indian stock market. A huge all-round decline was recorded in the market today. BSE Sensex fell 1235.08 points to close at 75,838.36 points. Similarly, NSE Nifty also fell by 320.10 points and closed at 23,024.65 points. Only 4 out of 30 stocks included in Sensex remained in the green. A big decline was recorded in 26. After all, why did the market fall so big as soon as Donald Trump became the US President? Let us tell you that US President Donald Trump has announced to impose trade tariffs on neighboring countries as soon as he assumes the office of President. This has affected investor sentiment. Due to this, a big decline has been recorded in the Indian market along with the world today.
Investors lost ₹7 lakh crore today
Heavy selling in the Indian stock market today wiped out investors’ wealth worth over Rs 7.1 lakh crore as the total market capitalization of BSE-listed firms declined to around Rs 424.5 lakh crore from Rs 431.6 lakh crore in the previous session.
There is still a possibility of a decline in the market
Equity Research Head, Kotak Securities Shrikant Chauhan According to, the benchmark indices fell sharply today. Nifty closed down 320 points, while Sensex closed down 1235 points. Among sectors, all major sectoral indices closed in the red, but the realty index fell the most, losing over 4 per cent. Technically, after a gap-up opening, the market faced continued selling at higher levels. We believe that, weakness will continue till the market trades below 23,100/76000. On the downside, the market may fall to 22,900/75500. Weakness is likely to continue further, which may drag the market towards 22850/75300. However, above 23100/76000, the market may bounce back, and move towards 23,250-23,300/76400-76500. The current market structure is unstable.
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