The Indian stock market experienced a sharp decline today. In early trading, the Sensex fell 790.87 points to 73,821.56, while the Nifty traded at 22,313.90, down 231.15 points.
Market News: The Indian stock market faced a sharp crash today. The Sensex plummeted 790.87 points in early trading, settling at 73,821.56, while the Nifty fell 231.15 points to trade at 22,313.90. The market's decline continued, with the Sensex eventually falling over 900 points. By 9:50 AM, the Sensex had dropped 940.77 points (1.26%) to 73,703.80, and the Nifty was trading at 22,272.10, down 272.96 points (1.21%).
Weak Signals from Global Markets
A sharp decline in the American stock market (Wall Street) led to a weak opening in Asian markets. Concerns regarding Artificial Intelligence (AI) technology and the announcement of increased import tariffs by the US on China, Mexico, and Canada eroded investor confidence. This impact rippled into the Indian stock market, causing panic among investors.
Sharp Decline in Tech Stocks
A significant drop in technology company stocks put intense pressure on global markets. The Nikkei 225 index on the Tokyo Stock Exchange fell 3.4% to 36,939.89. Technology companies were most affected; Advantest, a computer chip testing equipment manufacturer, saw its shares fall by 9.4%, Disco Corp. by 11.1%, and Tokyo Electron by 5.3%.
Sharp Concerns in Asian Markets
Hong Kong's Hang Seng index fell 2.3% to 23,175.49, while the Shanghai Composite index dropped 0.9% to 3,358.28. South Korea's KOSPI fell 3.2% to 2,538.07. Australia's S&P/ASX 200 index decreased by 1.1% to 8,174.10. The American market also closed with a sharp decline on Thursday. The S&P 500 index fell 1.6% to 5,861.57, while the Dow Jones Industrial Average closed down 0.4% at 43,239.50.
The Nasdaq Composite closed down 2.8% at 18,544.42. The impact of this decline in the American market is clearly visible in the Asian and Indian stock markets.
