Mumbai:
Monday’s trading session was a loss for the Indian stock market. All-round selling was seen in the market. At the end of trading, Sensex was down 824 points or 1.08 percent at 75,366 and Nifty was down 263 points or 1.14 percent at 22,829. The fall in the market was led by midcap and smallcap stocks. The Nifty Midcap 100 index was at 51,795, down 1,467 points or 2.75 per cent, and the Nifty Smallcap 100 index was at 16,304, down 651 points or 3.84 per cent.
Due to the huge fall, the market cap of all the companies listed on the Bombay Stock Exchange (BSE) has fallen by about Rs 9 lakh crore to Rs 410 lakh crore. Almost all the market indices have closed in the red. The biggest decline was in Auto, Auto, Pharma, Metal, Realty, Media and Energy indices.
The market trend was also negative. But 3,519 shares closed in the red, 597 shares in the green and 118 shares closed without any change. ICICI Bank, HUL, M&M, SBI, Maruti Suzuki and L&T were the top gainers in the Sensex pack. HCL Tech, Zomato, Tech Mahindra, Power Grid, Tata Motors, Infosys, Titan, Bharti Airtel and Bajaj Finance were the top losers.
The reason for the market decline is being attributed to Trump’s unclear business policies. Recently, uncertainty has increased after America imposed 25 percent tariff on South American country Colombia. Market experts say that the 25 percent tariff imposed in response to the deportation of immigrants living in the US illegally to Colombia is a matter of concern. Trump has threatened to impose 25 percent tariffs on Canada and Mexico from February 1. Now the question is arising whether Trump will impose strict tariffs on China and other countries also. Concerns are arising in the market regarding this.
One reason for the fall of Indian markets is the weakness in the global market. Weakness is being seen in the American markets. The reason for this is that the arrival of China’s low-cost AI model DeepSeek is likely to affect the business model of leading technology companies like Nvidia, OpenAI and Google.
(This news has not been edited by the NewsDeskReport team. It is published directly from the syndicated feed.)