Indian Sensex crashed by 2226.79 points due to World’s two largest economics’s conflict
The India stock market crashed down badly with big Indian companies losing over fourteen lakh crores in a go with several prestigious companies like TATA STEELS followed by Tata Motors, Infosys , Larson and Tubro, Tech Mahindra etc falling between six to eight percent bringing panic in the Indian Stock Market which was already going down for the last several months.
The downfall in the stock market witnessed all the thirteen sectoral indices on the Bombay Stock Exchange trading in the Red with the important oil and gas companies exhibiting the worrisome decline by five percent with the mid cap and small cap indices exhibiting the losses of 7.3 to 10 percent in the broader market. The sudden crash of the Sensex by massive 2226. 79 points and Nifty coming down below by 742.85 points that resulted in the massive loss of more than 14 lakh crores of investors is the result of the ongoing conflict between the two top economies of the world viz United States of America and China.
After the massive rise in tariffs by the second term president Donald Trump against China and 179 countries , China responded by a retaliatory posture increasing tariffs on the American products entering Chinese markets resulting in prolonged trade war which may adversely affect the global economic growth and disrupt manufacturing and supply chains reports IANS.
The sensex came down at 73.137.90 down by nearly 2226.79 points while the Nifty dropped by 742. 85 points to settling at 22.161 .60.
