New Delhi:
Tuesday was a trading loss for the Indian Stock Market (Stock Market Today). There was a lot of volatility in the stock markets on Tuesday due to the announcement by the new US President Donald Trump to impose tariffs on neighboring countries. There was an all-round decline in the market. The Sensex plunged to its lowest level in seven months.
BSE Sensex fell by more than 1,400 points today
Today, at the end of extremely volatile trading, BSE’s 30-share index Sensex closed at 75,838 with a huge fall of 1,235 points or 1.60 percent. At one point during trading, the Sensex slipped 1,431.57 points to 75,641.87.
At the same time, Nifty of National Stock Exchange (NSE) also fell by 320.10 points or 1.37 percent and closed at 23,024.65. At one time during trading it had fallen by 367.9 points to 22,976.85.
Investors lost Rs 7 lakh crore
This is the first time since June 2024, when Nifty has closed near the levels of 23,000. Due to the decline, the market cap of all the companies listed on BSE has fallen by about Rs 7 lakh crore to Rs 424 lakh crore, which was Rs 431 lakh crore on Monday.
What is the reason for the decline in the stock market?
The reason for the stock market crash today is also being considered to be the possibility of new US President Donald Trump imposing trade tariffs. Experts say that there is no clarity regarding economic decisions in Trump 2.0. However, indications of possible 25 percent tariffs on Canada and Mexico suggest that the tariff increase policy will be implemented gradually.
All NSE indices closed in the red.
Along with largecaps, huge selling was also seen in midcaps and smallcaps. The Nifty Midcap 100 index fell 1,271 points or 2.31 per cent to 53,834 and the Nifty Smallcap 100 index fell 408 points or 2.28 per cent to 17,456. All the indices of National Stock Exchange (NSE) closed in the red.
The biggest impact of the decline was seen in Auto, IT, PSU, Pharma, Realty, Energy, Media and Infra indices. On Bombay Stock Exchange (BSE), 1,202 shares were in the green, 2,774 shares were in the red and 112 shares closed without any change. Happened.
Only UltraTech Cement and HCL Tech closed in the green.
Shares of 28 out of 30 Sensex companies closed in the red. Zomato, NTPC, ICICI Bank, State Bank of India (SBI), Reliance Industries, Mahindra & Mahindra (M&M), Bajaj Finance, Tech Mahindra and Axis Bank were the top losers. Only UltraTech Cement and HCL Tech closed in the green.
Today, all-round selling was seen to such an extent that among the Sensex companies, only UltraTech Cement and HCL Technologies remained in a profitable position.
Know from experts why the stock market crashed today
Vikram Kasat, Chief Advisor at PL Capital- Prabhudas Lilladher, says that the reason for the poor market sentiment is the weak results of the third quarter. At the same time, the selling of Rs 48,023 crore by foreign institutional investors till January 20 is also increasing the pressure on the market. He further said that Trump’s announcement of imposing trade tariffs on neighboring countries has also increased market concerns.
Vinod Nair, Head of Research, Geojit Financial Services, said, ‘Amidst the prevailing volatility, a significant decline was seen in the domestic markets. On the very day of his inauguration, Trump announced the imposition of trade tariffs on neighboring countries, which increased uncertainty in the global markets. He said that the decline in the rupee against the dollar amid the weakness in the third quarter results also led to the decline in institutional foreign investors. (FIIs) can withdraw more.
