After a few days of stagnation in the Indian stock market (Stock Market Crash), there is a big decline again today. If the Nifty has come below 22300, then the Sensex is also seeing a decline of 940 points. The Nifty Bank has also broken more than 500 points. This major decline has come at a time when US President Donald Trump has once again announced tariffs on Mexics, Canada and China. At the same time, there has been a big decline in the global market.
The SENSEX is trading at 73670 by 940 points, while the Nifty is trading at 22774 levels to break 270 points. The Nifty Bank remains at 48250. Except for Reliance and HDFC Bank, all the BSE top 30 shares are on decline. The biggest decline has been seen in Indusind Bank 4.50 percent.
Why broke stock market today?
US President Donald Trump has announced the introduction of Mexico and Canada Tariff from 4 March. At the same time, it has also announced to increase the tariff on China. After this announcement, an overnight decline in Nvidia 8.5 percent dropped Nasdaq. The effect of which also appeared on the Asian market today and now the Indian market is also trading in a big decline.
Apart from this, heavy selling is being seen in the Indian stock market. Shares like Mahindra & Mahindra, IndusInd Bank are trading in heavy fall. Selling in midcap and smallecap is also fast.
These 10 shares fell more
Chambal fertilizer stock fell nearly 7 per cent, 6.8 per cent in Redigon’s stock, 6 per cent in credit access, Patanjali food 10 per cent, IREDA share 7 per cent, Hexacom around 5 per cent, Infoage About 6 per cent, Tech Mahindra 5 per cent, Indusind Bank shares 4.50 per cent and Mahindra & Mahindra shares were trading nearly 5 per cent.
7 lakh crore welfare!
A large amount of investors went into loss on Friday due to a drop in Sensex over 900 PTS. The BSE Market Cap declined by Rs 6.72 lakh crore to Rs 386.38 lakh crore today, which was Rs 393.10 lakh crore till the market close yesterday.
(Note- Take the help of financial advisor before investing in any share.)