The effect of Donald Trump’s tariff bomb is also being seen on the second day. The Indian stock market also crashed on Friday after an outcry in the US stock market. The Sensex slipped below about 800 points in the early trade on the second consecutive day and the last day of the business week. While the Nifty has also fallen by about 300 points.
Similarly, the rupee declined against the US dollar in early trade. The rupee reached 84.99 against the US dollar. It also saw a huge decline in the Sensex and Nifty a day earlier.
The biggest decline in the US market
The US stock market has witnessed the biggest decline after March 2020 on Thursday. In this decline of the market, investors have lost $ 2.4 trillion. At the same time, at 11.06 pm, the BSE Sensex fell by 674 points to 75,614 points, while the Nifty 50 index was also trading 304 points i.e. 1.31% and trading at 22,946 points.
These shares suffer the most
Amid this decline in the market, shares of Tata Motors, Tata Steel, Infosys, Larsen and Toubro, Maruti and Tech Mahindra have suffered the most while HDFC Bank, Bharti Airtel, Bajaj Finance and Mahindra & Mahindra shares are seeing a boom. Tata Steel dropped by 4.5 per cent, ONGC fell by more than 6 per cent to Rs 228.25.
The condition of ashi markets
The Asian markets are showing a decline in the last trading day of the week. There is an outcry in the stock markets all around from America to Japan. Nikkei, Japan has declined 3.14% and Korea’s Cospie has declined by 0.8%. The Chinese market is a holiday today, before the Nasdaq Composite Index declined by 5.97%, which is one of the biggest decline in a day after Corona. S&P 500 and Dow Jones Industrial Average also saw the biggest decline since June 2020.
At the same time, foreign investors are also constantly selling shares. On Thursday, he has removed 2,806 crore shares from the Indian stock market while domestic institutional investors (DII) have purchased only 221 crores.