Stock Market Crash : The stock market is witnessing a heavy sell-off. Since the trade war began, there is a fierce sell-off in the markets around the world. Sensex, Nifty and other indexes were among the losers. Due to heavy sell-off in the market, investors lost heavily, which is about Rs 21 lakh crore. Earlier in the morning, Asian markets recorded a decline of up to 10%. The MPC meeting of the Reserve Bank will also begin every two months from today, which is the first meeting of FY26.
Sensex, Nifty fall Stock Market Crash
On April 7, the Indian stock market is in turmoil. The Sensex fell by nearly 3200 points to below 72200. The Nifty has also fallen nearly 850 points to fall below 22,100. There is also a sharp correction in the broader market, with smallcap and midcap indices slipping by around 4-5%.
The sectoral index has a sharp sell-off in all sectors including IT, metals, banking, pharma. All 30 stocks in the Sensex are in the red mark. Tata Steel’s stock is down nearly 11%. Tata Motors, Infosys, Tech Mahindra have the highest declines of 6-8%.
Heavy losses to investors
Investors have suffered huge losses in the sell-off in the stock market. Around Rs 21 lakh crore has been acquired in the first few minutes. As the total market cap of listed companies on the BSE has come down at 9:25 am to Rs 382.61 lakh crore from Rs 403.41 lakh crore after the market closed on Friday.
Sell-off continues over the past week
Investors are shifting to safe assets amid growing fears of a trade war and economic recession. The Sensex and Nifty 50 were down more than 2.5% last week. The Nifty closed below the critical level of 23 thousand at 22,904.
The broader market index also suffered selling pressure, with the Nifty Midcap 100 falling 2% while the Nifty Smallcap 100 fell 2.6%. Speaking of the sectoral, IT suffered the most, with a 9% drop in the US market due to concerns of a reduction in spending. Nifty Metal fell 7.5% amid concerns of trade tensions.
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