Sensex tanks over 600 points: Why is the stock market down today?

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The story "Sensex tanks over 600 points: Why is the stock market down today?" was covered 1 weeks ago by Business Standard, a news publisher based in India.

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Sensex tanks over 600 points: Why is the stock market down today? - Business Standard

Quick Summary:

Donald Trump's reciprocal tariff plan on India and other countries coupled with persistent FII selling dragged the Sensex, Nifty lower for the eight straight trading session on Friday.

The total market cap stood at $ 3.98 trillion in Friday's intra-day trade. Among the Sensex 30 shares - Adani Ports was the top loser, down nearly 4 per cent.

In the process, the BSE benchmark index has shed 3,073 points in the last eight straight trading sessions. In the process, the BSE market capitalisation fell below $4 trillion mark for the first time in nearly 14 months.