New Delhi:
Stock Market Opening Bell: The process of decline in the Indian stock market continues. Today i.e. March 4, the market opened in red mark. The Sensex fell 424.50 points to 72,661.44 and Nifty 50, with 152.35 points to 21,966.95 due to heavy selling in early trade.
Earlier, the market was shown under pressure in pre-opening, when the Sensex had broken 268 points and the Nifty 144 points.
Trump’s tariff decision effect
US President Donald Trump has announced a 25% tariff on imported goods from Canada and Mexico. This decision led to a decline in global markets, which also affected the Indian markets. On Monday, the US Street closed down with a steep decline, which weakened the notion of investors and the Indian markets also came under pressure.
Sensex-Nifty falls drastically due to record high
The Indian stock market has continued to decline continuously from the last several sessions. During this period, the Sensex has fallen from its highest level 85,978.25 to 12,780 points i.e. 14.86%, while the Nifty has also weakened its record high 26,277.35 to 4,152 points i.e. 15.80%.
Market fluctuations on the previous day
On Monday, market fluctuations were seen, but in the end the Sensex fell 112 points to 73,085 and Nifty slipped 5 points to close at 22,119. Earlier, on Friday, the Sensex had lost 1,414 points and the Nifty 420 points.
Global markets also under pressure
The Asian markets also saw a decline after Trump’s tariff decision. Japan’s Nikkei 1.03%, South Korea’s Kospi 0.41% and Australia’s S&P/ASX 200 also weakened 1.11%. In the US markets too, Dow Jones (Dow Jones) 649 points, S&P 500 was about 104 points and NASDAQ (NASDAQ) 497 points.
FII selling continues
Foreign Institutional Investors – FII has continued selling. On Monday, Fiis withdraws Rs 4,788 crore from the Indian market, which increased the market further. However, domestic institutional investors (DIIs) purchased Rs 8,790 crore, but the market could not get support.