Sensex-Nifty
Indian Market bleeds red: Sensex down by over 1300 points, Nifty crashes by 401.55
The Indian market is bleeding red, with both BSE Sensex and Nifty falling sharply on Friday.
At 1.10 pm, the BSE Sensex crashed by 1325.16 points to stand at 73287.
The Nifty index moved down by 401.55 points to trade at 22143.
The top losers in both Sensex and Nifty were IndusInd Bank, Tech Mahindra, M&M, and HCLTech.
IT, tech, auto, and telecom stocks were facing the maximum beating in the market.
What did experts say?
V K Vijayakumar, chief investment strategist at Geojit Financial Services, told Business Standard: "Stock markets dislike uncertainty, and uncertainty has been on the rise ever since Trump was elected US president."
"The spate of tariff announcements by Trump has been impacting markets, and the latest announcement of an additional 10 per cent tariff on China is a confirmation of the market view that Trump will use the initial months of his presidency to threaten countries with tariffs and then negotiate for a settlement favorable to the US," he said.
Ajit Mishra of Religare Broking told the newspaper, "The past two sessions reflect indecision, likely due to oversold conditions. However, rotational selling across key sectors is not only limiting the rebound but also gradually dragging the index lower."
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