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NRIPage | Articles | Indian Stock Market Falls 700 Points Amid Global Trade Tensions, FPI Selling & Weak Rupee | Get Indian Desi Latest Political News & Updates in USA. Get domestic, republic government updates - NRI Page
Indian stock market saw a sharp decline: Sensex fell over 700 points, Nifty down nearly 300 points.
Decline triggered by global factors, including new US tariffs on Mexico, Canada, and China.
Foreign investor selling pressure continues, with FPIs pulling out significant funds from Indian markets.
Rupee hits a record low of Rs 87.07 against the US dollar.
Despite post-Budget relief for some sectors, overall market sentiment remains negative.
Detailed Description:
The Indian stock market faced a significant decline today, with the S&P BSE Sensex plunging over 700 points and the NSE Nifty50 falling by nearly 300 points in early trade. The sharp drop is attributed to multiple global and domestic factors, including fresh trade tensions triggered by new US tariffs and ongoing foreign investor selling pressure.
The US recently imposed new tariffs on Mexico, Canada, and China, with 25% tariffs on imports from Mexico and Canada, and a 10% tariff on Chinese goods. While India isn’t directly impacted, the global market's negative sentiment has influenced Indian investors, leading to a broad market downturn.
Additionally, foreign portfolio investors (FPIs) have been selling Indian equities in large volumes. In January alone, FPIs sold nearly Rs 1 lakh crore worth of stocks, adding further pressure on the market. Investors are now closely watching FPI activity to assess whether this selling will continue, potentially leading to further losses in Indian markets.
The Indian rupee also saw a significant dip, reaching an all-time low of Rs 87.07 against the US dollar, largely driven by a stronger US dollar resulting from the global economic tensions. As a result, foreign institutional investors (FIIs) are pulling out from emerging markets like India, exacerbating the negative sentiment.
Despite some tax relief measures introduced in the recent Union Budget, which provided a boost to specific sectors like Nifty consumer durables, the overall market remains in the red due to these global factors. With concerns about the future of global trade, especially in light of the tariffs and the uncertain stance of major economies, investors are cautious.
This market dip reflects the complex intersection of global economic factors, foreign investor behavior, and domestic policy changes, making it a challenging period for Indian markets.
