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Economic Times
2 days ago
- Business
- Economic Times
Why is the stock market falling today? Sensex tanks 700 pts, Nifty slips below 24,550 — 6 key reasons behind the decline
Indian stock markets faced a downturn. Sensex and Nifty50 declined due to struggles in finance and IT. Global trade worries and US fiscal issues contributed. Donald Trump's tariff plans impacted metal exporters. Weak global data and anticipation of the RBI policy added pressure. US debt concerns and volatile oil prices further dampened sentiment. Tired of too many ads? Remove Ads Here are six key reasons behind today's market decline: 1. Global Trade Tensions Escalate Tired of too many ads? Remove Ads 2. Weak Global Economic Data 3. Caution Ahead of RBI Policy Decision 4. Rising U.S. Debt and Bond Yields Tired of too many ads? Remove Ads 5. Oil Price Volatility 6. Rate Cut Expectations in the U.S. Benchmark indices Sensex and Nifty50 traded lower on Thursday, dragged by weakness in financial, IT, and rate-sensitive sectors. The decline comes ahead of the RBI's policy decision and amid rising concerns over global trade tensions and U.S. fiscal BSE Sensex fell 693 points, or 0.85%, to 80,688, while the Nifty 50 dropped 188 points, or 0.72%, to 24,539 by 1:01 pm. Earlier in the session, the Sensex had plunged as much as 798 points to 80,575, while the Nifty touched a low of 24, total market capitalisation of all BSE-listed companies declined by Rs 1.84 lakh crore to Rs 443.66 lakh sentiment weakened after U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminium to 50%, effective June 4, 2025. The move has raised concerns for Indian metal exporters such as Tata Steel Hindalco , and JSW Steel India exported over $4.5 billion worth of these metals to the U.S. in FY25. While the near-term impact may be limited, the tariff hike adds to global uncertainty.'President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent,' said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services Markets are also closely watching a potential call between Trump and Chinese President Xi Jinping, with trade tensions between the world's two largest economies still data showed contraction in U.S. manufacturing for a third consecutive month. In China, factory activity also declined for the first time in eight months, indicating that U.S. tariffs are beginning to affect global demand and supply developments have weighed on U.S. and Asian markets alike, with Nasdaq and S&P 500 futures falling over 0.3% in early sectors like banks, financials, autos, and consumer stocks came under pressure as investors await the RBI's monetary policy outcome on Friday. While a 25-basis-point rate cut is widely anticipated, uncertainty around the central bank's commentary and forward guidance has led to Nifty Bank and Financial Services indices were down around 0.8%, while Auto and FMCG also slipped up to 0.5%.Markets are also reacting to news that the U.S. Senate will begin discussing a new $3.8 trillion tax-and-spending bill. This comes at a time when the U.S. federal debt has already crossed $36.2 potential for increased government borrowing has pushed long-term U.S. bond yields closer to the critical 5% level, putting pressure on equity markets oil prices have remained volatile due to geopolitical tensions and tighter-than-expected supply. Brent crude hovered around $64.75 per barrel, while WTI traded at $ contracts gained nearly 3% in the previous session after the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed to keep output increases in July at 411,000 barrels per day — less than some in the market had feared and in line with hikes over the past two restrained approach and tensions around Iran's nuclear deal have further clouded the supply outlook. Higher crude prices typically impact India's trade balance and fuel inflation, dampening investor Fed Governor Christopher Waller suggested that rate cuts could still happen this year, depending on upcoming economic data. Markets are currently pricing in a 75% chance of a rate cut in September, but no firm signals have come from the Fed yet—adding to the uncertainty.
Time of India
2 days ago
- Business
- Time of India
Why is the stock market falling today? Sensex tanks 700 pts, Nifty slips below 24,550 — 6 key reasons behind the decline
Here are six key reasons behind today's market decline: 1. Global Trade Tensions Escalate Live Events 2. Weak Global Economic Data 3. Caution Ahead of RBI Policy Decision 4. Rising U.S. Debt and Bond Yields 5. Oil Price Volatility 6. Rate Cut Expectations in the U.S. (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Benchmark indices Sensex and Nifty50 traded lower on Thursday, dragged by weakness in financial, IT, and rate-sensitive sectors. The decline comes ahead of the RBI's policy decision and amid rising concerns over global trade tensions and U.S. fiscal BSE Sensex fell 693 points, or 0.85%, to 80,688, while the Nifty50 dropped 188 points, or 0.72%, to 24,539 by 1:01 pm. Earlier in the session, the Sensex had plunged as much as 798 points to 80,575, while the Nifty touched a low of 24, total market capitalisation of all BSE-listed companies declined by Rs 1.84 lakh crore to Rs 443.66 lakh sentiment weakened after U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminium to 50%, effective June 4, 2025. The move has raised concerns for Indian metal exporters such as Tata Steel Hindalco , and JSW Steel India exported over $4.5 billion worth of these metals to the U.S. in FY25. While the near-term impact may be limited, the tariff hike adds to global uncertainty.'President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent,' said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services Markets are also closely watching a potential call between Trump and Chinese President Xi Jinping, with trade tensions between the world's two largest economies still data showed contraction in U.S. manufacturing for a third consecutive month. In China, factory activity also declined for the first time in eight months, indicating that U.S. tariffs are beginning to affect global demand and supply developments have weighed on U.S. and Asian markets alike, with Nasdaq and S&P 500 futures falling over 0.3% in early sectors like banks, financials, autos, and consumer stocks came under pressure as investors await the RBI's monetary policy outcome on Friday. While a 25-basis-point rate cut is widely anticipated, uncertainty around the central bank's commentary and forward guidance has led to Nifty Bank and Financial Services indices were down around 0.8%, while Auto and FMCG also slipped up to 0.5%.Markets are also reacting to news that the U.S. Senate will begin discussing a new $3.8 trillion tax-and-spending bill. This comes at a time when the U.S. federal debt has already crossed $36.2 potential for increased government borrowing has pushed long-term U.S. bond yields closer to the critical 5% level, putting pressure on equity markets oil prices have remained volatile due to geopolitical tensions and tighter-than-expected supply. Brent crude hovered around $64.75 per barrel, while WTI traded at $ contracts gained nearly 3% in the previous session after the Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed to keep output increases in July at 411,000 barrels per day — less than some in the market had feared and in line with hikes over the past two restrained approach and tensions around Iran's nuclear deal have further clouded the supply outlook. Higher crude prices typically impact India's trade balance and fuel inflation, dampening investor Fed Governor Christopher Waller suggested that rate cuts could still happen this year, depending on upcoming economic data. Markets are currently pricing in a 75% chance of a rate cut in September, but no firm signals have come from the Fed yet—adding to the uncertainty.
Economic Times
3 days ago
- Business
- Economic Times
Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline
Indian stock markets experienced a significant decline on Monday. Sensex and Nifty both traded lower. Selling pressure in metal and IT stocks contributed to the downturn. This weakness overshadowed India's strong GDP growth figures. Global cues remained mixed. Investors grew cautious before key U.S. macroeconomic data releases. Broader markets also faced pressure, with small-cap and mid-cap indices slipping. Tired of too many ads? Remove Ads Here are five key reasons behind today's market decline: 1. U.S. tariffs on metals threaten Indian exporters Tired of too many ads? Remove Ads 2. Weak global cues and trade tension jitters 3. Caution ahead of U.S. Fed commentary and jobs data Tired of too many ads? Remove Ads 4. Domestic selloff in key sectors 5. Russia-Ukraine conflict Indian equity benchmarks fell sharply on Monday, with the Sensex and Nifty trading lower amid selling pressure in metal and IT stocks. The weakness overshadowed India's strong GDP growth figures, as global cues remained mixed and investors turned cautious ahead of key U.S. macroeconomic around 9:42 am, the BSE Sensex had declined 704 points, or 0.86%, to 80,747, while the Nifty50 was down 168 points, or 0.68%, at 24, overall market capitalisation of BSE-listed companies dropped by Rs 2.06 lakh crore to Rs 442.13 lakh crore. The Nifty Metal index led the losses with a 1.4% decline, while the Nifty IT index fell 1.25%, weighed down by concerns over the U.S. economy and trade policy. Broader markets also remained under pressure, with small-cap and mid-cap indices slipping 0.3% economy had posted a strong 7.4% GDP growth in the January–March quarter, driven by manufacturing and construction. However, that optimism failed to lift sentiment amid external sentiment turned sour after U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminium to 50%, effective June 4, 2025. This move is expected to adversely affect Indian metal exporters like Tata Steel Hindalco , and NALCO , which have significant exposure to the U.S. exported $4.56 billion worth of iron, steel, and aluminium products to the U.S. in FY2025. The tariff escalation, though not immediately impacting trade, has added uncertainty and is weighing on stocks in the metal sector."President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit and European markets showed signs of stress as investors grappled with the implications of escalating U.S.-China trade tensions. Japan's Nikkei dropped 1.4%, Hong Kong lost 2.5%, and U.S. futures also edged lower — with S&P 500 and Nasdaq futures down up to 0.5%.Markets are also uncertain about whether the U.S. will follow through with the tariff hike, creating additional volatility. While some regional indices like South Korea's gained slightly due to political optimism, the overall sentiment remained Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list Investors are bracing for a heavy week of macroeconomic updates from the U.S., especially the non-farm payrolls report and Federal Reserve commentary, which could influence the path of interest U.S. Senate is also set to consider a $3.8 trillion tax-and-spending bill, adding to concerns about the country's ballooning $36.2 trillion federal debt. As a result, long-term U.S. Treasury yields are nearing the critical 5% mark, which is adding to pressure on global equity Governor Christopher Waller on Monday indicated that rate cuts are still possible this year, but much will depend on incoming data. For now, markets are pricing in a 75% chance of a rate cut in September, though the Fed has not explicitly confirmed this home, selling was broad-based across sectors. Metal and IT stocks, which have global exposure, were among the hardest hit, reflecting external risks. Additionally, 10 of the 13 major sectoral indices on the NSE opened in the strong domestic data — with India's Q4 GDP growth at 7.4% — was not enough to support markets. Investors appear to be locking in gains after recent highs, as global uncertainties loom large over the near-term geopolitical concerns also weighed on investor sentiment after Ukraine launched drone attacks on five airbases deep inside Russian territory, reportedly destroying several aircraft. The incident comes just ahead of a scheduled peace summit in Turkey, raising fears of a possible escalation in the conflict if Russia intensification of the Russia-Ukraine war could disrupt global supply chains, especially in energy and commodities, leading to renewed volatility in global Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4
Time of India
4 days ago
- Business
- Time of India
Why is the stock market down today? Sensex slumps over 700 pts, Nifty slips below 24,600; 5 key reasons behind the decline
Here are five key reasons behind today's market decline: 1. U.S. tariffs on metals threaten Indian exporters Live Events 2. Weak global cues and trade tension jitters 3. Caution ahead of U.S. Fed commentary and jobs data 4. Domestic selloff in key sectors 5. Russia-Ukraine conflict (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian equity benchmarks fell sharply on Monday, with the Sensex and Nifty trading lower amid selling pressure in metal and IT stocks. The weakness overshadowed India's strong GDP growth figures, as global cues remained mixed and investors turned cautious ahead of key U.S. macroeconomic around 9:42 am, the BSE Sensex had declined 704 points, or 0.86%, to 80,747, while the Nifty50 was down 168 points, or 0.68%, at 24, overall market capitalisation of BSE-listed companies dropped by Rs 2.06 lakh crore to Rs 442.13 lakh crore. The Nifty Metal index led the losses with a 1.4% decline, while the Nifty IT index fell 1.25%, weighed down by concerns over the U.S. economy and trade policy. Broader markets also remained under pressure, with small-cap and mid-cap indices slipping 0.3% economy had posted a strong 7.4% GDP growth in the January–March quarter, driven by manufacturing and construction. However, that optimism failed to lift sentiment amid external sentiment turned sour after U.S. President Donald Trump announced plans to double tariffs on imported steel and aluminium to 50%, effective June 4, 2025. This move is expected to adversely affect Indian metal exporters like Tata Steel Hindalco , and NALCO , which have significant exposure to the U.S. exported $4.56 billion worth of iron, steel, and aluminium products to the U.S. in FY2025. The tariff escalation, though not immediately impacting trade, has added uncertainty and is weighing on stocks in the metal sector."President Trump's 50% tariffs on steel and aluminium is a clear message that the tariff and trade scenario will continue to be uncertain and turbulent. This headwind will impact markets," said Dr. VK Vijayakumar, Chief Investment Strategist, Geojit and European markets showed signs of stress as investors grappled with the implications of escalating U.S.-China trade tensions. Japan's Nikkei dropped 1.4%, Hong Kong lost 2.5%, and U.S. futures also edged lower — with S&P 500 and Nasdaq futures down up to 0.5%.Markets are also uncertain about whether the U.S. will follow through with the tariff hike, creating additional volatility. While some regional indices like South Korea's gained slightly due to political optimism, the overall sentiment remained Read: India's top 10 priciest stocks in 2025: MRF to Elcid, see who tops the list Investors are bracing for a heavy week of macroeconomic updates from the U.S., especially the non-farm payrolls report and Federal Reserve commentary, which could influence the path of interest U.S. Senate is also set to consider a $3.8 trillion tax-and-spending bill, adding to concerns about the country's ballooning $36.2 trillion federal debt. As a result, long-term U.S. Treasury yields are nearing the critical 5% mark, which is adding to pressure on global equity Governor Christopher Waller on Monday indicated that rate cuts are still possible this year, but much will depend on incoming data. For now, markets are pricing in a 75% chance of a rate cut in September, though the Fed has not explicitly confirmed this home, selling was broad-based across sectors. Metal and IT stocks, which have global exposure, were among the hardest hit, reflecting external risks. Additionally, 10 of the 13 major sectoral indices on the NSE opened in the strong domestic data — with India's Q4 GDP growth at 7.4% — was not enough to support markets. Investors appear to be locking in gains after recent highs, as global uncertainties loom large over the near-term geopolitical concerns also weighed on investor sentiment after Ukraine launched drone attacks on five airbases deep inside Russian territory, reportedly destroying several aircraft. The incident comes just ahead of a scheduled peace summit in Turkey, raising fears of a possible escalation in the conflict if Russia intensification of the Russia-Ukraine war could disrupt global supply chains, especially in energy and commodities, leading to renewed volatility in global Read: Ola Electric, Kalyan Jewellers among 10 firms where promoters pledge increased in Q4
