Share Market Crash: Indian stock market crashed today, Sensex 836 and Nifty fell 235 points.

Global Market Impact On Sensex: The impact of the recession in global markets and the huge fall in the American stock market was clearly visible on Indian Dalal Street on Tuesday. Both the major indices Sensex and Nifty started trading in the red and within a few minutes investors have lost crores of rupees. The main reasons for this decline are believed to be the heavy selling on Wall Street and the economic uncertainties created by the snow storm in America. Indian IT sector shares have been hit the hardest due to which the market sentiment has become completely negative and investors are scared.

catastrophic decline in the market

As soon as trading started on Tuesday morning, BSE’s sensitive index Sensex reached the level of 82457 with a huge loss of 836 points. At the same time, National Stock Exchange’s benchmark Nifty was also seen trading at the important level of 25477, registering a decline of 235 points. Barring select stocks like Axis Bank, State Bank and Hindustan Unilever, shares of all other big Sensex companies remained in the red.

earthquake in IT sector

The worst impact of this tsunami in the market has been on IT stocks where the Nifty IT index has fallen by more than 3 percent. Heavy selling was seen in shares of leading companies like HCL Tech, Infosys, Tech Mahindra and TCS, making them today’s top losers. Apart from this, investors also adopted selling stance in Nifty Auto, FMCG, Pharma and Realty indices due to which there was continuous pressure in the market.

Government’s big announcement

Amidst the fall in the market, Finance Minister Nirmala Sitharaman has made a big announcement of introducing National Monetization Pipeline i.e. NMP 2.0. Under this scheme, an ambitious target has been set to raise Rs 16.72 lakh crore from monetization of government assets in the next five years. The government hopes that Rs 5.8 lakh crore will come through private investment, which will give a new impetus to the development of the country’s infrastructure.

huge movement in commodities

In contrast to the fall in the stock market, gold prices in the commodity market have increased for the fifth consecutive day and its shine has increased significantly. Talking about crude oil, Brent crude has fallen to $ 71.28 per barrel amid the possibility of nuclear talks with Iran. US trade policy and tensions have forced investors to turn to gold as a safe haven investment, sending prices rising.

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The momentum of the last session is missing

Monday was a very good day for Indian investors and the Sensex closed at 83294 with a gain of 480 points. The market was excited by the US Supreme Court’s cancellation of President Trump’s tariff decisions, but this happiness completely evaporated the next day. Today’s fall has washed away all the profits of yesterday and now experts are predicting the market to trade in a limited range.