There is chaos in the Indian stock market, it has fallen over the past five days. After Friday afternoon there was a sudden earthquake in the Sensex. The Sensex dropped about 800 points to 80,359.93. The Nifty slipped below 24700. The Nifty scored a large decline in more than 250 points. Actually, the shares of Pharma and IT businesses see a big decline. The impact of an increase in the H-1B visa fee was very bad for the current week shares. As the shares still decline, the country’s largest IT company TCS shares fell below 2900 on Thursday. While Infosys’ shares reached under 1450. At the same time, US President Donald Trump announced rates in several areas, including Pharma, late Thursday night. 100 percent tariff was announced on Pharma, which was heavily sold in Indian pharmaceutical companies today. Sun Forma’s shares fell by 3 percent. Dr Reddy’s shares also see a fall of about 2 percent. The decline in the Indian market is mainly due to US decisions, the first US has changed the rules of H-1B visa and now it has placed rates in various areas. US investors are also constantly selling in the Indian market. There are three main reasons behind this decline: 1. The impact of the tariff on the pharmaceutical sector, US President Donald Trump has announced a 100% duty on the import of brand medicine. In addition, 50% on kitchen cabinet and bathroom, 30% on upholstered furniture and 25% on heavy trucks are planned to impose. These new fees apply from October 1st. After this announcement, the sale of pressure in Indian pharmaceutical enterprises increased. The Nifty Pharma index fell more than 2 percent. 2. The Indian IT sector was already under pressure due to an increase in the H-1B visa fee in IT shares, but the poor quarterly results of the Axcher exacerbated the atmosphere. The Nifty IT index recorded a drop of up to 1.3%. Another reason is the possibility of an increase in the H-1B visa fee, which can increase the cost of Indian businesses. 3. Foreign investors withdrew Rs 4,995 crore from the Indian stock market on September 25. A total of Rs 24.454 crore has been sold so far this month. Investors are also concerned about revenue growth. Apart from this, Asia’s stock markets also see a decline in tariff decisions. Japan’s Nikkei, China’s CSI 300, Hong Kong’s Hangseng index closed. The US markets have also closed with a decline. These global negative waves put pressure on the Indian market.
“Stock market accident” suddenly earthquake in the stock market, Sensex drops 800 points … crores or rupes of investors
