Indian stock market Not taking the name of recovering. After a short time, the market again got into a rage. The BSE Sensex fell 1390.41 points to close at 76,024.51 points. Similarly, NSE Nifty also fell 353.65 points to close at 23,165.70 points. All -round selling was seen in the market today. Lakhs crore rupees of investors were drowned today due to the major decline in the market. In fact, when the market was closed on March 28, the market cap of companies listed on BSE was Rs 4,12,87,646 crore. In today’s selling, the market cap declined to 4,09,64,821.65 lakh crore. In this way, investors drowned 3.49 lakh crores today. Now the question arises as to why there was such a big decline in the market? Let’s know the reasons for the market fall.
These are the 4 major reasons for the decline in the market
- Fear of Trump’s tariff: Stock market investors are scared of tariffs imposed by US President Donald Trump. Trump has announced that he will increase tariffs on many countries including India from April 2. There is an atmosphere of fear in the market. Its impact was seen on the market today. Selling dominated the market.
- Pressure on IT Stocks: Shares of IT companies dependent on the US market have fallen by 1.8% today. Due to increase in tariffs, concerns about economic lethargy and weak demand are increasing. The sector has already recorded a 15% decline in the March quarter. It also affected the market today.
- Oil prices jumped: Crude oil prices remain close to a five -week high level, which has increased the concerns of inflation. Brent crude was around $ 74.67 per barrel, while the U.S. West Texas Intermediate (WTI) was trading at $ 71.37. High oil prices can put pressure on India’s financial deficit and corporate margin.
- RaiProfits after Lee: The Nifty and the Sensex gained about 5.4% in the last eight seasons, leading to a positive situation for the year. After the recent rally, investors are making profits, causing a decline in the market. A rapid growth in evaluation in a short time has made some traders alert, causing selling in large stocks.
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