Benchmark stock market indices opened lower on Tuesday, tracking a sharp sell-off in US markets overnight, which led to a crash on Wall Street.
The S&P BSE Sensex dropped 361.25 points to 73,753.92, while the NSE Nifty50 declined 113.65 points to 22,346.65 as of 9:16 AM.
Market analysts attributed the fall to global uncertainties, particularly concerns surrounding former US President Donald Trump’s tariff policies and the possibility of a US recession by year-end.
Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the S&P 500 and Nasdaq plummeted 2.6% and 4%, respectively, in response to Trump’s tariff decisions and their economic implications.
Despite the ongoing global market correction, India’s stock market has shown resilience, outperforming the US in the past month. While the S&P 500 has dropped 7.5%, Nifty has fallen only 2.7%, Vijayakumar noted. He also highlighted that the dollar index has declined from 109.3 at the start of Trump’s presidency to 103.71, which could benefit emerging markets like India by reducing capital outflows.
Amid the market correction, experts advise investors to remain patient and focus on accumulating high-quality large-cap stocks, while being selective with mid and small-cap investments.
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