Stock market falls: The announcement of the introduction of a new 25 percent tariff on India by US President Donald Trump was stirred up with the start of trading in the domestic stock market on Thursday morning. Within just 15 minutes of opening the market, 5 lakh crore rupees of investors were destroyed.
According to the Economic Times, the total market capitalization of companies listed on BSE declined by Rs 5.5 lakh crore to Rs 543.3 lakh crore. Oil Stocks suffered the most. However, due to selling in most shares, the market opened in red mark itself.
Decline in these shares
After the announcement of Trump Tariff, the worst effect was seen on the oil stocks. During the early trade, Indian Oil Corporation, ONGC, Gujarat Gas, BPCL and Metropolitan Gas are trading in red mark.
Along with this, stocks that have declined today include shares of Reliance Industries, Bharti Airtel, Titan, State Bank of India, Tata Motors and Mahindra & Mahindra. However, shares of Hindustan Unilever, Power Grid and NTPC were trading in the green mark.
On the other hand, the Indian rupee raised 14 paise today from the lower level of 87.66. The rupee opened at 87.66 against the dollar today in the foreign currency exchange market and soon touched the level of 87.75 ..
All -round selling in the market
After the opening of a 30 -point BSE Sensex market, 786.36 points fell to 80,695.50, while the Nifty 50 on NSE also fell 212.8 points to reach a low of 24,642.25. According to exchange data, foreign institutional investors (FIIs) sold equities worth around 850.04 crores on Wednesday.
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