There was a big decline in the stock market on Thursday
US President Donald Trump has approved a bill under which America can impose 500 percent tariff on India’s purchase of Russian oil. However, this bill has not yet been approved by the Parliament. But it is believed that this bill may get the support of the US Parliament. If this happens, then in the coming days a heavy tariff may be imposed on India by the American government. Due to this fear, India’s stock market has completely collapsed. Where a fall of more than 700 points is being seen in Sensex.
On the other hand, Nifty has seen a fall of more than 250 points. If experts are to be believed, further decline is likely to be seen in the stock market in the coming days. The special thing is that due to this fall, stock market investors have suffered a loss of more than Rs 7 lakh crore on Thursday. The special thing is that this week the Sensex has seen a fall of more than 1,550 points.
Talking about the big companies of the country, TCS, Reliance Industries, Tata Steel, Infosys, Bharti Airtel, SBI etc. are all seeing a big decline. Let us also tell you what kind of story the stock market figures are telling.
Big fall in stock market
Due to Trump’s 500 percent tariff threat, Bombay Stock Exchange’s main index Sensex witnessed a decline of 753.69 points during the trading session and came down to 84,207.45 points. The special thing is that today i.e. on Thursday, the Sensex had opened at 84,778.02 points and a day earlier the Sensex had closed at 84,961.14 points. The special thing is that this is the fourth consecutive day of decline in the Sensex and during this period till now the Sensex has seen a decline of 1551 points.
On the other hand, the main index of National Stock Exchange, Nifty is also trading with a huge decline. During the trading session, Nifty saw a fall of 256.6 points and reached the day’s low at 25,884.15 points. However, Nifty had opened at 26,106.50 points in the morning and had closed at 26,140.75 points a day earlier. However, after falling for four consecutive trading days, Nifty has fallen by 444.4 points.
huge loss to investors
Due to this decline in the stock market, stock market investors have suffered huge losses. This loss has a direct connection with the market cap of BSE. If we look at the figures, when the stock market closed on Wednesday, the market cap of BSE was Rs 4,79,94,179.83 crore, which came down to Rs 4,72,86,789.30 crore during the trading session on Thursday. This means that the market cap of BSE reduced by Rs 7,07,390.53 crore. This is the loss for investors. If we look at the figures, due to four consecutive days of decline, investors have suffered a loss of Rs 8,37,990.05 crore.