Sensex turned 'red' for the fourth consecutive day, investors lost crores of rupees
Share Market: The impact of tariff tension and poor results of companies is deepening in the Indian stock market. On Tuesday, for the fourth consecutive trading session, the Sensex is trading in the red mark i.e. with a decline in early trade.
The trend of decline in the stock market continues for the fourth consecutive day today. The market's main index Sensex crashed as soon as the market opened on Tuesday. At the same time, a decline is also being seen in Nifty 50. In the early market, the Sensex is trading down by about 180 points, due to which investors have lost Rs 13 lakh crore in the last 4 days.
Stock market turned 'red' for the fourth consecutive day
The stock market has been witnessing a decline for the last three trading sessions. On the last trading day i.e. Monday, the Indian market's main index Sensex closed with a decline of about 550 points. Meanwhile stocks market closed sharply down amid concerns over India-US trade talks.
The Sensex closed 572.07 points or 0.70% lower at 80,891.02, while the Nifty closed 156.10 points or 0.63% lower at 24,680.90.
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Upheaval continues
While market broke down in early trade today as well. However, after some time the market recovered a little. If we talk about the current time, there is a continuous trend of decline in the market. The difference is of course less. But the market is moving in red after coming slightly from the red mark to green. During this time, pressure is being seen in the banking sector's big companies listed in the 30 Sensex lists like HDFC, ICICI BANK and government companies Power Grid and NTPC.
13 lakh crore rupees lost
The Indian stock market has become quite entangled in the pressure of Trump's tariff these days. As the trade deal with America is getting postponed. As the date of 1st August is coming closer, selling has taken over the market.
Also Read: Nifty Slips Below 24,750 as FII Selling, Kotak Earnings Hit Sentiment
Summary
The market has been in a downtrend since last Wednesday, which is being seen in the early trade today as well. In the last four days, the Sensex has fallen by more than 1600 points and during this period, the market cap of BSE has decreased by about 13 lakh crores.