By Admin 
Share Market Crash Today: The Indian stock market has created a furore before the free trade deal between India and the UK today. All shares like ICICI Bank, Axis Bank, TCS, Kotak Mahindra Bank are seeing a decline. On the day of Nifty’s expiry at 9:45 am, the Nifty 50 index was trading at 25,193 to 25,193. Whereas around 12 noon, the Nifty was 150.80 points or 0.60 percent at 25,069.10.
At the same time, if we talk about BSE Sensex, till 9:45 am, the Sensex fell 146 points to 82,580. At the same time, around 12 noon it was trading at 82,200.58 with a decline of 526.06 points or 0.63 %. Meanwhile, 0.3 percent in the Nifty Midcap index and 0.1 percent declined in the smallcap index. Today, during the business, investors focused shares of Infosys, Dr. Reddy’s Laboratories, IEX, Koforge and Tata Consumer Products as their June quarter results are coming.
There was a tremendous decline in these shares
In today’s trade, Sensex companies among Trent, Kotak Mahindra Bank, UltraTech Cement, Bajaj Finance, Tech Mahindra, Tata Consultancy Services, Infosys and Axis Bank shares the biggest decline. Apart from this, the shares of Reliance Industries also recorded a decline.
The reason for this decline in the stock market
- IT shares declined after the disappointing results of the first quarter. In addition, Trent, Mahindra, Infosys, Tater Jasahi Heavy Weight Shares put pressure on the stock market for selling. The net profit of the country’s veteran IT company Infosys Limited may have increased by 8.7 percent to 6,921 crore against the 6,368 crore in the same quarter of last year, but its net profit has decreased by 1.5 percent. Apart from this, less revenue than expected also affected investors’ sentiments.
- On Thursday, US President Donald is scheduled to do Trump’s Federal Reserve. A week earlier, he indicated that he could be dismissed for fraud in operation of Fed’s $ 2.5 billion renewal project. In such a situation, before the visit of Trump in the Fed Reserve, there was upheaval in the global stock market, which also affected the Indian stock Baja.
- Investors are eagerly waiting for the trade deal between Indo-US. Meanwhile, after an agreement with Japan, Trump is now focusing on the European Union. Trump has announced to impose 30 percent tariffs on the European Union last month, which is going to be implemented from 1 August. The EU warned that if the US imposes 30 percent tariff on its imports, then in response, 30 percent tariffs will also be imposed on US imports of 21 billion euros. Investors have concerns about this.
- There is also a selling of foreign institutional investors (FIIS) behind this decline in the Indian stock market. On Wednesday, foreign investors sold a net selling of Rs 4,209.11 crore. This especially put pressure on large cap stocks.
Also read:
Bollywood’s temper in the stock market, this company is going to bring IPO; These celebrities place bets