The reason for the trump tariff is seeing a decline in the stock market.
India’s stock market is seen collapsing with US President Donald Trump’s 100 percent pharma tariff bomb. Pharma Stocks are the biggest loss. From Sun Pharma to Dr. Reddy’s shares, there is a big decline. After Trump’s announcement, it was estimated that the stock market could see a decline for the 6th consecutive day. Something similar happened after the market opened. Where the Sensex is seeing a decline of more than 450 points. On the other hand, the Nifty is also seeing a decline of more than 110 points. In addition to Pharma, Trump has also applied tariffs on kitchen cabinet, furniture and heavy trucks, but the most tariff is on pharma. Let us also tell you what kind of figures are being seen in the stock market.
stock market crash
There is a decline in the stock market for the 6th consecutive day. The Bombay Stock Exchange’s major index Sensex falls to 80,778.02 points due to Trump’s tariff bomb, the Bombay Stock Exchange’s leading index at 80,778.02 points; Whereas during the business session, the Sensex has seen a decline of 451 points to a decline of 80,708.34 points. On the other hand, the Nifty 50, the major index of the National Stock Exchange, is also seeing a decline of about 110 points and is trading at 24,779.65 points. Whereas during the trading session, the Nifty fell by about 132 points to reach the lower level of the day with 24759 points. According to experts, during the business session, the decline in both index of the stock market may increase even more.
Pharma Stocks Damage
There is a big decline in pharma stocks. The BSE Healthcare is seen trading at 42,944.17 points with a decline of 1043 points, or 2.37 per cent. Talking about shares, the shares of Sun Pharma are seeing a decline of more than 2 percent. While Dr. Reddy’s shares are seen trading with a decline of more than 1 percent. Biocon’s stock is seeing a decline of 2.37 percent. Caplin Point shares were trading with a decline of nearly 6 per cent. Solara and Walkforma shares are seeing a decline of 5-5 percent. The shares of Newland, Polymade, Star, KPL are also seeing a big decline.
Fat loss to investors
Investors have also suffered a big loss due to the decline in the market. Looking at the BSE data, the market cap of BSE was Rs 4,57,69.91 crore a day earlier, which had fallen below Rs 4,53,441,73.1 crore during the business session. This means that during the business session, the market cap of BSE suffered a loss of about 4 lakh crore rupees. This is also the loss of investors. According to experts, this loss can also increase during the business session.