Market’s bad condition on the last day of the week, ‘Lal’ has become 3.5 lakh crores of investors

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On Friday, the main index Sensex of the market, which was seen in the Indian stock market, closed down by about 700 points and the Nifty also came to the label of 25,150. Investors have suffered a major setback in the market fall. In a single day, more than Rs 3.5 lakh crore of investors drowned.

The main index Sensex of the stock market was opened at 82,820.76 against its previous closed level 83,190.28. Which fell nearly 1 percent at the time of business. At the same time, the Nifty 50 also saw a terrible decline. The Sensex lost 690 points or 0.83 percent to close at 82,500.47, while the Nifty closed at 25,149.85, while the Nifty was down 205 points or 0.81 per cent at 25,149.85. During this time, the market cap of listed companies on BSE also decreased and investors suffered a loss of more than Rs 3.5 lakh crore in a single day.

Here is the condition of the sectors

In today’s business, a rally was seen in FMCG companies like HUL. At the same time, the auto sector closed with pressure. FMCG and Forma rose by half percent and the auto dives up to 2 percent.

If we talk about 30 companies listed on the Sensex, then Hindustan Unilever closed with a gain of about 5 percent, along with Axis Bank and Sunforma also closed with green mark. On the other hand, the best selling Tata Group company TCS and Mahindra & Mahindra were seen in shares. TCS’s stock closed at Rs 3265.40 with a decline of 3.46 per cent.

Why the Indian market declined

  1. Poor results of the first quarter- The major market companies have started declaring their first quarter results. In this sequence, on July 10, IT sector veteran TCS announced the result of the first quarter, which was not as expected. Its impact was also seen in the IT sector on today’s market and especially the TCS closed with a decline of nearly 4 percent.
  2. Global tension enlargement-US President Donald Trump has launched a tariff war from once. He handed over tariff letters to many countries including Japan, Canada. Also said that countries which have not received the letter yet. Tariff rates on them can be fixed more than 10 percent, 15 percent or 20 percent. Global tension is increasing once again by the decision on Trump’s tariff, which has forced investors to survive and invest in the Indian market too.
  3. Investors are choosing safe options- Investors are now choosing a safe option to invest amid tariff threats. Investment options like gold instead of shares are drawing more attention to investors.

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