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Bloomberg Quint
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Nifty, Sensex Extend Decline — Key Factors Behind Stock Market Fall
- The Indian stock markets extended its decline for the second day following US President Donald Trump's announcement on tariffs, with Nifty 50 falling 0.95% to 23,029.40 and Sensex down 616 points to 75,678.54.
- Global financial markets continued to see a selloff, with Asian shares falling to their lowest levels in two months after Trump's announcement.
- Asian and US markets experienced significant drops, with S&P 500 falling 4.9% and Nasdaq down 5.5% on Thursday.
- Oil prices plummeted after OPEC+ increased supply unexpectedly, leading to the worst rout since 2022.
- The dollar faced a decline amid fears over Trump's tariff policy, leading to the Bloomberg Dollar Spot Index falling 2.1% on Thursday.
- Trump announced tariffs on various countries, with rates reaching as high as 49% and affecting trade partners like India, the EU, Israel, and the UK.
- Foreign institutional investors continued to be net sellers for the fourth consecutive day, with FPIs offloading equities worth Rs 2,806 crore on Thursday.
- In April, FPIs have already offloaded equities worth Rs 7,396 crore, surpassing the net selling recorded in March and continuing the trend from previous months.
- The ongoing trade war concerns have impacted global markets, leading to significant fluctuations in stock prices and foreign investments.
- Investors are closely monitoring the developments in the trade war and the impact on various sectors of the economy as uncertainty prevails in the financial markets.
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