Mumbai5 minutes ago
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The stock market may see a decline on the second trading day of the week today i.e. on Tuesday (March 4). This is because yesterday, on March 3, the US markets have closed up by 2.6%. At the same time, Gifty Nifty has a decline of 0.13%.
Global market declines
- Japan has a decline of 1.82% in Nikkei in Asian markets. Hong Kong’s Hangseng index has fallen 0.51%. China’s Shanghai Composite is 0.11% below.
- On March 3, Foreign Investors (FIIs) sold shares worth Rs 11,639 crore. During this period, domestic investors (DIIs) bought shares worth Rs 12,308 crore.
- On March 3, the US Dow Jones fell 1.48% to close at 43,191. The S&P 500 declined by 1.76% and Nasdaq Composite by 2.64%.
The reason for the decline in the market
Today i.e. from March 4, 2025, 25% tariffs are being implemented on Mexico and Canada. Additional 10% tariffs are also being implemented on China. US President Donald Trump said that the reciperook tariff on the rest of the world will be applicable from April 2.
Sensex fell 112 points on Monday
The Sensex fell 112 points to close at 73,085 on Monday (March 3) on the first trading day of the week. The Nifty declined by 5 points, it closed at 22,119 levels.
In the morning, the Sensex made a day-high of 73,649 after opening in the green mark. That is, the market declined by about 550 points from the upper levels. Bank and media shares were the most broken.
The Nifty Media Index closed down 1.10% and the bank index closed 0.48%. The Nifty Realty was the highest at 1.26%. Metal and IT index also increased by more than 1%.
