India’s stock market extended its sharp decline on Wednesday, with benchmark indices sinking for the second straight session amid rising fears of an international trade war.
The S&P BSE Sensex plunged more than 1,000 points over two days, while the NSE Nifty 50 fell nearly 1% to slip below the key 25,400 mark, wiping out close to ₹10 lakh crore in investor wealth.
Market sentiment weakened as global cues turned negative following fresh geopolitical tensions. Concerns intensified after US President Donald Trump threatened to impose tariffs on eight European nations. The dispute, linked to Trump’s aggressive stance on Greenland, has unsettled global investors.
Reports suggesting that the European Union is preparing retaliatory tariffs worth $108 billion on US goods added to the pressure. Persistent foreign fund outflows and pre-Budget uncertainty further weighed on domestic equities, keeping risk appetite subdued throughout the session.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
