Sensex falls sharply, 19 lakh crores wiped out!
After Trump's tariff announcement, there has been chaos in the stock market all over the world. As the market opened on monday morning amid fears of a Black monday by experts, the Sensex saw a fall of more than 3300 points. That is, it went down by about 4.70 percent. While the Nifty also fell by about 1000 points. The market cap of companies listed on the BSE fell by Rs 19.39 lakh crore. That is, the wealth of investors decreased by Rs 19.39 lakh crore as soon as the market opened.
The BSE Sensex is at 72,623 with a massive fall of 3379.19 points i.e. 4.48 percent and the Nifty-50 is at 21,848.40 with a fall of 1056.05 points i.e. 4.61 percent. On the other hand, Asian stock markets also witnessed a tremor due to tariffs, where hong kong markets fell by 10 percent. Whereas, markets from china to japan witnessed a 6 percent decline. A period of heavy decline is also continuing in America, where S&P and Nasdaq stocks saw a 3 percent decline, while Dow futures fell by 900 points. Whereas, Japan's Nikkei saw a decline of 225 points as soon as the market opened.
Among the heavy weight stocks that have seen a huge decline during the trading session, Tata Motors and Tata Steel have the highest decline of more than 10 percent. While HCL Tech has fallen by 7%, Tech mahindra by 6%, Infosys by 6%, L&T by 6%, reliance Industries by 5% and tcs by 5%.
Chaos in the stock market
While, Australia's S&P 200 fell 6.5 percent to 7184.70, South Korea's Kospi fell 5.5 percent to 2328.52. Earlier, the US Nasdaq market closed with a decline of about 7 percent on Friday. However, experts believe that this decline is nothing, if the situation is not controlled, then the condition of the US market can be like it happened in 1987.
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