The Indian stock market is seeing a big decline on Friday. The BSE Sensex has broken up to about 700 points, while the Nifty is trading by falling about 200 points. As of 11.30, the Nifty was trading at 195 points to be below 25160 and the Sensex fell 670 points to 82531. At the same time, the Nifty saw a decline of 240 points.
7 out of BSE top 30 shares were at a boom, while 23 shares were trading on the red mark. TCS shares saw the highest decline of 2.70 per cent. After this, shares of Bharti Airtel, Mahindra & Mahindra and Infosys were trading on the red mark. The market capitalization of BSE Listed companies declined by 3.03 lakh crores to 457.22 lakh crore rupees.
Nifty IT Index was trading by falling 1.6%, as sold in TCS, Infosys and Wipro. While financial and PSU bank index was broken by more than 0.5%. The Nifty Midcap100 and Smallcap100 were also broken more than 1 percent.
Why did the stock market fall today?
- The biggest reason has been the week earnings of companies. The results of some companies including TCS were released yesterday, which made the market an idea that the earnings of the companies are not going to be very good during the April to June quarter. The impact of this sentiment is visible in the market today.
- The second biggest reason is Trump’s tariff. Trump is announcing tariffs on some country every day. Last night, he announced to impose 35 percent tariff on Canada. Also, 15 to 20 percent tariffs have been indicated on the rest of the countries. In such a situation, there is a new fear in the market regarding tariffs.
- Trump is considering imposing some new restrictions on Russia. Due to which there is a sharp jump in raw oil prices. Due to this, its effect is visible on the market.
These shares shattered
The biggest decline has occurred in Ireda’s shares. The stock of this company has broken up to 6 percent during Intrade today. BSE shares have fallen by 3 per cent, Majgaon Dock shares 2.70 per cent, Ambar Enterprises shares, TCS shares 2.70 per cent and Wipro shares have fallen by 2.38 per cent.
(Note- Be sure to help your financial advisor before investing in any share.)
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