Heavy fall in the stock market, the market closed in red for the fourth consecutive day
The announcement of imposing 25 percent tariff on India by the US President seems to have had a huge impact on the Indian stock market today (August 1). After Trump’s announcement, the Indian market today recorded a decline for the second consecutive day and the fourth consecutive day overall. On the last day of the week, Friday, the BSE Sensex closed at 80,599.91 points with a decline of 585.67 points (0.72%). Similarly, today the NSE Nifty 50 index also closed at 24,565.35 points with a loss of 203.00 points (0.82%). On Thursday, the Sensex closed at 81,185.58 points with a decline of 296.28 points (0.36%) and the Nifty closed at 24,768.35 points with a loss of 86.70 points (0.35%). Sun Pharma shares fall drastically
On Thursday, only 6 out of 30 Sensex companies closed in the green with gains and all the other 24 companies closed in the red with losses. Similarly, only 11 out of 50 Nifty 50 companies closed in the green with gains and all the other 39 companies closed in the red with losses. Today, among the Sensex companies, Trent shares closed with the highest gain of 3.23 percent. On the other hand, Sun Pharma shares closed with the highest loss of 4.49 percent today.
These shares including Tata Steel, Infosys end in red
Apart from these, today Tata Steel shares fell 3.04 percent, Maruti Suzuki 2.65 percent, Tata Motors 2.60 percent, Infosys 2.52 percent, Adani Ports 1.91 percent, Bharti Airtel 1.74 percent, Tech Mahindra 1.71 percent, Bajaj Finserv 1.67 percent, BEL 1.55 percent, Mahindra & Mahindra 1.35 percent, L&T 1.27 percent, TCS 1.13 percent, Eternal 1.10 percent, NTPC 1.02 percent, HCL Tech 0.98 percent, Titan 0.93 percent, UltraTech Cement 0.80 percent, ICICI Bank 0.69 percent, Axis Bank 0.68 percent, Bajaj Finance 0.43 percent, HDFC Bank 0.32 percent, SBI 0.31 percent and Power Grid shares fell 0.02 percent. The Sensex stocks that closed in the green today include Asian Paints (1.40 per cent), Hindustan Unilever (1.17 per cent), ITC (1.14 per cent), Kotak Mahindra Bank (0.88 per cent) and Reliance Industries (0.24 per cent).
