10 lakh crores of investors in the stock market, metal and pharma shares created chaos

Share Market: The impact of the tariff imposed by US President Donald Trump was such that the Indian stock market fell from the fits on Friday. Due to Trump’s reciperook tariff policy, selling intensified in equity markets around the world, which also affected investors in the domestic market.

Investors nervous due to the possibility of a trade war

After imposing Trump tariffs on 180 more countries in the world, China also retaliated on it and put 34 percent tariff on imports of all American goods. Due to this, the possibility of a trade war intensified and investors became restless. As a result, the Sensex fell 931 points or 1.2 percent to close at 75,365 points, while the Nifty fell 346 points or 1.5 percent to close at 22,904 points.

A loss of Rs 10 lakh crore

On April 4, investors lost Rs 10 lakh crore due to heavy selling in the stock market. On April 2, after the announcement of Trump’s reciperook Tariff, the total market valuation of listed companies in BSE also fell by Rs 9,98,379.46 crore to Rs 4,03,34,886.46 crore ($ 4.73 lakh crore). On Friday, 24 out of 30 shares of BSE Sensex closed down. All the sectoral index closed on the red mark.

The most damaged shares of these companies

The shares of those companies suffered the most damage, which will now face heavy tariff pressure during export in the US. Along with auto and metal stocks as well as pharma companies, heavy selling was seen in the Friday session.

Although Trump has excluded the pharma industry from the category of counter -duty, but he has said that we are going to put such tariffs on pharma, never before. As a result, Lupine declined by 5.9 percent, Cipla fell by 5.3 percent, Dr. Reddy’s Laboratories shares fell by 3.6 %, while Sun Pharma fell by 3.4 percent.

Metal stock also declined drastically

Along with pharma, heavy selling was also seen in metal stock. Nalco shares declined by 8.7 percent, while Hindalco fell by 8.1 percent. In other metal shares, Tata Steel 8.6 percent, 5 percent in SAIL, JSW Steel declined by 3.4 percent, while Vedanta’s stock fell by 8.6 percent.

According to BSE data, foreign portfolio investors (FPIs) sold shares worth Rs 3,484 crore, while domestic institutional investors (DIIs) made a net withdrawal of Rs 1,720 crore.

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