New Delhi: Investors have lost Rs 7.68 from wealth over foreign funds and concerns about tariff war after four days of blood bathing on Dalal Street.
Over this period, the BSE benchmark Sensex plummeted at 1,272.01 points, or 1.61 per cent, with the total market capitalization of companies registered with BSE dropping to Rs 4,17,82,573.79 crore.
The market ended in red after President Donald Trump announced plans to impose new tariffs on all steel and aluminum imports, along with additional mutual tariffs.
“The Indian benchmark index has declined significantly following this statement,” said Ameya Ranadive, chartered market engineer and senior technology analyst at Stoxbox.
On Monday, BSE Sensex fell to 548.39 points (0.70%), closing at a minimum of 77,311.80 in a week. During the day, the index dropped from 753.3 points or 0.96% to 77,106.89.
“We are committed to providing a range of services to our customers,” said Prashanth Tapse, senior VP (research) at Mehta Equities Ltd.
Of the 30 SenseX stocks, Power Grid, Tata Steel, Zomato, Titan, Bajaj Finance, NTPC, Mahindra & Mahindra and Tata Motors were the biggest laguards.
Meanwhile, Kotak Mahindra Bank, Bharti Airtel, ICICI Bank, Tech Mahindra, HCL Tech and Tata Consultancy Services were able to track the upward momentum.
“The threat of US tariffs continues to affect market sentiment. As investors remain cautious with riskier assets and navigate investments in safe shelter assets like gold. Domestic yields will be higher.”
The BSE SmallCap index fell by 2.25% and the MidCap index fell by 2.06%. All sector indexes are finished in red:
Overall, 3,032 strains have declined, 1,070 have progressed, and 123 have not changed in BSE.
