Indian Stock Market Faces Sharp Decline Amid Global and Domestic Pressures
Indian Stock Market Faces Sharp Decline Amid Global and Domestic Pressures February 28 The Indian stock market witnessed a significant downturn today, with both the Sensex and Nifty 50 suffering substantial losses. The Sensex plummeted by 1,414.33 points (1.90%) to close at 73,198.10, while the Nifty 50 dropped 430.10 points (1.91%) to settle at 22,124.70. This marks the fifth consecutive month of decline for the Nifty 50, making it the longest losing streak in nearly three decades. Key Reasons Behind the Market Downfall could be 1. Global Trade Tensions and Economic Slowdown A major factor weighing on the market is the growing uncertainty in global trade. U.S. President Donald Trump’s announcement of a 25% tariff on imports from Canada and Mexico, along with proposed new tariffs on China, has stoked fears of a global trade war. These developments have shaken investor confidence, leading to a broad sell-off in equities worldwide. Additionally, recent indicators of an econo...