Trump tremors? Sensex nosedives 1,700 factors from day excessive to shut at 7-month low

Benchmark SENSEX tanked 1,235 factors to settle at greater than seven-month low on account of an across-the-board selloff triggered by world commerce conflict worries after US President Donald Trump introduced tariffs on neighbouring nations on his inauguration day.

The 30-share BSE SENSEX plummeted 1,235.08 factors or 1.60% to settle at 75,838.36 dragged by losses in ICICI Financial institution and Reliance Industries. In the course of the day, the BSE benchmark plummeted 1,431.57 factors or 1.85% to hit an intraday low of 75,641.87.

The broader NIFTY50 plunged 320.10 factors or 1.37% to shut at 23,024.65. Within the intraday commerce, the NSE Nifty plunged 367.9 factors or 1.57% to 22,976.85.

Amongst SENSEX shares, Zomato, NTPC, Adani Ports, ICICI Financial institution, State Financial institution of India, Reliance Industries, Mahindra & Mahindra, Bajaj Finance, Tech Mahindra and Axis Financial institution had been the foremost laggards.

UltraTech Cement and HCL Applied sciences had been the one gainers. European markets had been buying and selling larger on Tuesday.

In Asian markets, Tokyo and Hong Kong ended larger, whereas Shanghai and Seoul settled on a flat word on Tuesday. US markets had been closed on Monday on the event of Martin Luther King Jr Day.

World oil benchmark Brent crude slipped 0.76% to $79.54 a barrel.

International Institutional Traders (FIIs) offloaded equities value ₹4,336.54 crore on Monday, in keeping with alternate knowledge.

On Monday, the 30-share BSE Sensex jumped 454.11 factors to settle at 77,073.44 and NSE Nifty climbed 141.55 factors to shut at 23,344.75.