New Delhi: The Indian stock market witnessed a sharp decline on Friday morning, wiping out ₹7.46 lakh crore of investors’ wealth. A global market downturn and former US President Donald Trump’s new tariff threats led to panic selling, shaking investor confidence.
The Sensex crashed 1,032.99 points to settle at 73,579.44, marking a 1.38% decline. This steep fall reduced the total market capitalization of BSE-listed companies to ₹3,85,63,562.91 crore ($4.42 trillion).
Biggest Losers & Gainers
Among the top losers in the Sensex pack were Tech Mahindra, IndusInd Bank, Maruti, HCL Tech, TCS, Infosys, Mahindra & Mahindra, and Titan. On the other hand, Axis Bank, HDFC Bank, Reliance Industries, and Adani Ports saw gains.
Impact on Global Markets
Asian markets also suffered significant losses, with Seoul, Tokyo, Shanghai, and Hong Kong trading in the red.
According to Vikas Jain (Reliance Securities), “The US markets closed at a five-month low, while Treasury yields surged following Trump’s fresh tariff announcements.”
Trump’s Tariff Policy & Market Impact
V K Vijayakumar (Chief Investment Strategist, Geojit Financial Services) stated, “Stock markets dislike uncertainty, and Trump’s policies have increased volatility. His latest 10% additional tariff announcement raises fears of a US-China trade war. The market is now waiting to see how China responds.”
FII & Crude Oil Update
On Thursday, Foreign Institutional Investors (FIIs) offloaded ₹556.56 crore worth of equities, adding to market pressure. Meanwhile, Brent crude oil dropped 0.51% to $73.66 per barrel.
With Trump’s tariff strategy and global economic slowdown, experts predict continued volatility in the Indian stock market. Investors are advised to remain cautious and track market trends closely.
