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Mumbai: US President Donald Trump continues to be a global uproar in the name of Tariff, as he is about to announce a mutual tariff on 2 April on a country-by-country basis. He has continued to confuse Indian markets with global markets through various claims. Following Trump’s claim that the Government of India is ready to reduce the duty on exports from the US to India, funds and experts today feared a decline in the Sensex and Nifty in view of the situation of ‘Agar-T-To’. Investors were terrified of Sensex and Nifty due to the decline in IT-software services, technology shares and finance-banking lead shares. On the other hand, funds, experts and operators took advantage of this recession by taking advantage of the opportunity to buy good short and medium-cap stocks. In day trading, the Sensex lost 76,000 points and the Nifty lost 23,150 points, as sustainable consumer goods, healthcare, capital accessories, banking shares as well as IT shares also declined. The Sensex fell to a low of 75,912.18 and fell 1,390.41 points to close at 76,024.51, while the Nifty fell to a low of 23,136.40 and fell 353.65 points to close at 23,165.70.
The BSE IT index fell 807.37 points to close at 35,315.34 as the funds today invested heavy in IT-software services and technology shares. Tata Alexi fell by Rs 146.55 to Rs 5069.75, Infosys fell by Rs 42.90 to Rs 1527.50, genesis fell by Rs 19.35 to Rs 700, Emphasis fell by Rs 56.85 to Rs 2443.90, Scient fell by Rs 28.70 to Rs 1235.30.
Today, the shares of consumer durables declined due to the possibility that tariffs could also have negative effects on consumer durable companies. Voltas declined by Rs 100. 106.75 Rs. 1351.75, Supreme Industries fell. 98.25 to Rs. At Rs 3326.10, Blue Star… 54.45 to Rs. 2082.25, Titan Company fell. 77.30 to Rs. 2986.50, crompton fell. 7.60 to Rs. 346. BSE consumer sustainable index fell 1,363 points to close at 53,018.55.
Among banking-breaking shares, many other stocks were also sold against short covering by funds in IndusInd Bank. Especially public sector banks’ shares declined drastically. The BSE Bankcax index fell 892.57 points to close at 58,649.81. HDFC Bank fell by Rs 1,000. 61.20 Rs. 1767.30, ICICI Bank falls in rupee. 30.80 Rs. 1317.60 rupees, Axis Bank falls. 16.55 to Rs. 1085.35, Kotak Mahindra Bank falls in rupee. 26.05 to Rs. 2145.25.
The funds also sold large selling in PSU bank shares and other financial services shares today. Prudent Advisor’s stock dropped by Rs 100 by Rs. 136.20. 2206.80, 360 fell by one rupee. 46.75 Rs. 896.10, the policy market fell. 74.25 to Rs. 1515, Anand Rathi fell. 78.90 to Rs. At Rs 1833.85, Bajaj Finserv… 69.45 to Rs. 1936.50, Chaula Finn fell. 52.35 to Rs. 1467.20, Railigare fell. 7.40 to Rs. 227.50.
Between the Sensex and the Nifty-based decline, amidst the attraction in many small, medium and A-group stocks, the joint property of investors, ie the joint market capitalization of companies listed in BSE, Rs. 3.44 lakh crores Today, there was a turnover of Rs 409.43 lakh crore in a single day.
Foreign portfolio investors (FPIs), FIIs continued selling shares on Tuesday and they made net sale of shares worth Rs 5901.63 crore in cash. While domestic institutional investors (DIIs) made a net sale of Rs. Today, Rs 4322.58 crore.
Large scale decline in small, medium-cap stocks
Unlike the decline in Sensex and Nifty, today funds, operators, investors with high net worth took advantage of the price purchase opportunities in small and medium-cap stocks, resulting in the increase in prices of many shares and market stance was positive today. Out of a total of 4195 shares done on BSE, 2708 shares were benefited and 1344 shares were lost.
