The Indian stock market experienced a significant selloff, with the Sensex plunging over 1,200 points, erasing ₹7 lakh crore in market value. Key factors include uncertainty surrounding US trade policies under President Trump, caution ahead of the upcoming Union Budget, foreign capital outflows, and disappointing Q3 earnings. Major stocks like Zomato, ICICI Bank, and Reliance Industries were among the top losers, while only UltraTech Cement and HCL Tech saw gains.
about Indian stock market faces major selloff amid trade policy concerns and earnings woesPrashanth Tapse
0 posts last weekSensex Plummets Over 1000 Points Amid Global Market Turmoil
The Sensex plummeted by over 1,000 points, closing at 76,330, driven by unfavorable global cues, significant FII sell-offs, and a historic low for the rupee against the dollar. Rising Brent crude prices raised inflation concerns, while anticipation of a less favorable Union Budget added to market anxiety.
about Sensex Plummets Over 1000 Points Amid Global Market TurmoilIndian stock market crashes amid virus outbreak and global concerns
The Indian stock market experienced a significant downturn, with the Sensex plummeting over 1,300 points and the Nifty 50 falling below 23,600, driven by fears of a new virus outbreak in China. All sectoral indices were in the red, particularly Nifty PSU Bank and Nifty Metals, while broader markets also faced heavy selling. The emergence of Human Metapneumovirus (HMPV) in Bengaluru, linked to respiratory illnesses, added to investor anxiety amid weak Asian market sentiment influenced by potential U.S. trade policy changes.
about Indian stock market crashes amid virus outbreak and global concerns