Mumbai (Uttam Hindu News): The decline in the stock market is not stopping. After seeing a big decline in the Indian market in the last trading week, the stock market opened in the red on Monday. Sensex fell by more than 500 points as soon as it opened while Nifty opened with a drop of 159 points. Meanwhile, in the early trade, 29 out of 30 large-cap stocks also started with a decline. The impact of US President Donald Trump's threat of imposing tariffs has been seen once again on the stock market.

Outcry in the stock market, investors' portfolios turned red as soon as it opened; 3.40 lakh crores were sacrificed in 5 minutes : Sensex on Monday opened at 74,893.45 from its previous close of 75,311.06 and within a short time the decline accelerated and the Sensex slipped to the level of 74,730. On the other hand, the Nifty also opened at 22,609.35 from its previous close of 22,795.90 and within minutes it fell 200 points in step with the Sensex and fell to the level of 22,607.

The fall in the stock market was so steep that in just 5 minutes the total market value of companies listed on BSE sank by around Rs 3.40 lakh crore. Amid the fall in the global market, there was chaos in the broader market as well. All the sectoral indices of BSE are also trading in the red. At around 9.20 am, the total market cap of companies listed on BSE came down to Rs 398.80 lakh crore. Thus, the market cap of listed companies fell by Rs 3.40 lakh crore within a few minutes of the market opening on Monday.

The Uttam Hindu

The Uttam Hindu

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