Sensex falls to 10-month low, Rs 19 lakh crore wiped out amid Trump tariff shock
Share market crash: With today's stock market plunge, the Sensex and Nifty have fallen to their lowest levels in approximately 10 months, and analysts suggest that they could fall further due to massive volatility in global markets.
Benchmark stock market indices plunged sharply on Monday, imitating the global market as uncertainty over Donald Trump's tariffs fuelled the bloodbath. The S&P BSE Sensex crashed 2564.74 points to 72,799.95, while the NSE Nifty50 tanked 831.95 points to 22,072.50 as of 9:24 am.
With today's stock market crash, the Sensex and Nifty have plunged to their lowest levels in approximately 10 months, and analysts suggest that they could fall further due to massive volatility in global markets. The crash was so severe that it wiped out Rs 19 lah crore from the combined market capitalisation of BSE-listed firms.
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said that globally markets are going through heightened volatility caused by extreme uncertainty. "No one has a clue about how this turbulence caused by Trump tariffs will evolve. Wait and watch would be the best strategy in this turbulent phase of the market," he added.
All 13 major sectoral indices were trading in the red. Broader market indices also suffered steep losses. The small-cap index dropped 10%, and mid-caps declined by 7.3%.
Share market crash: With today's stock market plunge, the Sensex and Nifty have fallen to their lowest levels in approximately 10 months, and analysts suggest that they could fall further due to massive volatility in global markets.
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