- By Aditya Pratap Singh
- Tue, 11 Feb 2025 02:14 PM (IST)
- Source:JND
Stock Market Today: The stock market saw a sharp fall on Tuesday as the Sensex fell by more than 1,100 points during trading to touch 76,200 levels. The Nifty also saw heavy selling pressure, falling by 310 points and slipping below the crucial 23,000 mark. All 30 stocks in the BSE index traded in the red, reflecting widespread market pessimism.
Rupee Shows Signs of Recovery
Amid the market turmoil, the Indian rupee staged a recovery. After closing at 87.45 per dollar on Monday—the highest level since January 31—it gained further ground, bringing some relief to investors.
What Caused Today's Market Crash?
Trump's Tariff Increase Causes Global Jitters
One of the major factors that led to the market decline is the growing global anxiety caused by U.S. President Donald Trump's tariff policies. His latest move to raise tariffs on steel and aluminium imports and revoke exemptions for major trading partners, such as Canada, Mexico, and Brazil, has spooked investors worldwide.
Global Market Weakness
Asian markets were not left behind either. Hong Kong's Hang Seng fell 0.3%. European futures fell, with Euro Stoxx 50 and S&P 500 futures down by 0.2%. However, the rise in the US dollar and a surge in gold prices indicate safe-haven inflows.
FII Selling Intensifies
A week after hitting an all-time low of 88 per dollar on Monday, continued weakness in the Indian rupee has accelerated foreign institutional investor outflows that have put tremendous pressure on equities.
Stock Market On Monday
On Monday, the Sensex closed at a one-week low of 77,311.80 points, down 548.39 points or 0.70%. It had slipped over 750 points during intraday trading. The Nifty also ended in the red, dropping 178.35 points to close at 23,381.60.
Investors Lose Rs 7.68 Lakh Crore in Four Days
The four-day sell-off has wiped out Rs 7.68 lakh crore from investor wealth, with the Sensex losing 1,272.01 points or 1.61% during this period. Capital withdrawal concerns and weakening global cues have significantly dampened market sentiment.
Also read: India May Cut Tariffs On 30 Items Imported From US To Prevent Higher Reciprocal Tariffs: Report
