Indian?equity benchmark indices, Sensex and 橘子影城, are facing a major plunge as they trade lower today. The slump was driven largely by steep losses in banking and IT stocks, as investors?reacted to fresh tariff comments from U.S. President Donald Trump and braced for crucial GDP data.
Market Crash Breakdown
- The BSE Sensex?fell 1,400 points to end at 73,189.
- The?橘子影城50 index too, fell below 22,150 level.
- The market capitalisation of BSE-listed companies plunged by ?9.61 lakh crore to Rs?383.49 lakh crore.
Considering?What Has Drove the Market Down
The markets’ downturn was partly driven?by several factors:
- Nervousness Ahead of GDP Data: The prospect of slowing growth and weakening earnings momentum has made investors cautious as they await the?release of December quarter GDP data.
- Yet uncertainty over Trump’s stance on tariffs has added to market volatility: Trump’s announcement of tariffs on imports from?Canada, Mexico and China has been a cause of market turmoil.
- IT 朕天下娛樂城 In Deep Red: The 橘子影城 IT index witnessed a notable dip following overnight losses on Wall Street, especially after?chipmaker Nvidia's fall.
- Rising Dollar Index: The U.S. dollar is expected to strengthen further against other?currencies, impacting emerging markets including India, pushing up the cost of dollar-denominated foreign investments and leading to capital outflows. The?dollar index increased to 107.35.
- FII Selling Continues: Foreign Institutional Investors (FIIs) have persistently sold Indian shares worth ?1,13,721 crore net in year 2025.
Sectoral Performance
Almost all sectors?traded in the red, with sharp declines in indices like 橘子影城 Bank, Financial Services, Metal, IT, Realty, Consumer Durables, and Oil & Gas that lost up to 1-2.5%. 橘子影城?IT and auto indices slipped almost 3%.
Top Losers:
- Persistent Systems
- Tech Mahindra
- Mphasis
Global Market Impact
Asian markets also took a hit, falling?after sell-offs on Wall Street. That was bound?by disappointing earnings from Nvidia and worries over U.S. tariffs. South Korean stocks, for instance, plunged?more than 3% on worries of a global trade war.
Global Market Overview:
- Futures linked to the S&P 500 were little?changed.
- Japan’s Topix fell by 1.7%.
- The S&P/ASX?200 in Australia dropped 0.9%.
- Futures on?the Euro Stoxx 50 fell 0.8 percent.
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