New Delhi: The situation about which the market was alert has now come to the fore. The impact of the continuous tariff attacks by former US President Donald Trump is clearly visible on the global stock markets. A sharp decline was recorded in Asian markets on the third trading day of the week, which was already giving negative signals for the Indian stock market.

The domestic stock market made a slow start on Wednesday, but this slowness did not last long. Strong selling was seen in Sensex and Nifty within about an hour of the start of trading. BSE Sensex fell by nearly 1100 points from its day’s high, while NSE Nifty also fell sharply. However, some recovery was definitely seen at lower levels.

Market decline for the third consecutive day
The trend of decline in the stock market continued for the third consecutive trading day. Investors had suffered a big shock on Tuesday and even on Wednesday the situation did not show any significant improvement. BSE’s 30-share Sensex opened at 81,794, slipping from its previous close of 82,180. It reached 82,282 in early trading, but after this suddenly sharp selling started and the Sensex fell to the level of 81,124.

Similarly, Nifty-50 of National Stock Exchange also appeared under pressure. Nifty opened at 25,141 against its previous close of 25,232 and after touching a high of 25,277, slipped to 24,919. Nifty recorded a fall of about 358 points from the day’s high.

huge loss to investors
Investors are facing continuous shocks due to this ongoing decline in the market. In just three trading days, investors’ wealth has declined by more than Rs 15 lakh crore due to the collapse of the stock market. The total market capitalization of BSE had declined to Rs 465.68 lakh crore on Monday, which further fell to Rs 455.72 lakh crore on Tuesday. That means there was a loss of about Rs 10 lakh crore in a single day. The trend of decline continued on Wednesday also and till the time of writing the news, a huge decline was recorded in the market cap.

The biggest decline in these shares
Many big stocks remained under pressure amid heavy selling in the market on Wednesday. Among largecap stocks, ICICI Bank, L&T, Trent and BEL declined. Whereas in the midcap segment, there was sharp weakness in the shares of Kalyan Jewellers, Paytm and Coforge. Among smallcap stocks, FrontSP, Rama Steel and Inox Green also witnessed a huge decline.

advice for investors
Considering the current volatility of the market, experts say that investors need to remain cautious at the moment. Before taking any decision regarding investing in the stock market, it is important to take advice from market experts.