
New Delhi: After a few days of stagnation in the Indian stock market, a big decline is being seen again today. Nifty has come below 22300, while Sensex is also seeing a decline of 940 points. Nifty Bank has also fallen by more than 500 points. This big decline has come at a time when US President Donald Trump has once again announced to impose tariffs on Mexico, Canada and China. At the same time, there has been a big decline in the global market as well.
Sensex is trading at 73670 after falling 940 points, while Nifty is trading at 22774 level after falling 270 points. Nifty Bank remains at 48250. Except Reliance and HDFC Bank, all the top 30 stocks of BSE are in decline. The biggest decline of 4.50 percent was seen in Indusind Bank.
Why did the stock market fall today?
US President Donald Trump has announced the introduction of tariffs on Mexico and Canada from March 4. At the same time, he has also announced to increase the tariff on China. After this announcement, an 8.5 percent decline in Nvidia overnight brought down the Nasdaq. Its effect was also seen on the Asian market today and now the Indian market is also trading with a big decline.
Apart from this, heavy selling is being seen in the Indian stock market. Stocks like Mahindra & Mahindra, Indusind Bank are trading with a heavy decline. Selling is also strong in midcap and smallcap.
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