Indian Stock Market Plunges After Budget: Sensex Down 680 Points
The Indian stock market experienced a significant downturn this morning, with both the Sensex and Nifty indices opening sharply lower. The Sensex fell by 680 points, while the Nifty50 dropped by 1%, reflecting a broad-based market sell-off. This negative sentiment follows the recent Union Budget announcement, which failed to inspire confidence among investors.
Market Performance Overview
The Sensex opened at 76,811.86, a decrease of 695 points. Similarly, the Nifty started at 23,254.70, marking a drop of 222 points. All sectors experienced declines, indicating widespread market pessimism. This contrasts with the flat close seen on Saturday, where the Sensex edged up by 5.39 points to 77,505.96, while the Nifty fell by 26.25 points to 23,482.15.
Key Factors Influencing the Market
Despite some notable announcements in the Union Budget 2025, broader economic concerns appear to be weighing on investor sentiment. The market was anticipating positive triggers from the budget to stimulate growth, but that did not happen. Consequently, investors are now looking towards the Reserve Bank of India (RBI) for measures to boost the slowing economy.
Here's a summary of today's market performance:
- Sensex: Down by 680 points
- Nifty50: Down by 1%
- Market Sentiment: Widespread Pessimism
- Focus: Shifting to RBI measures
Global Market Pressures
Global market pressures are also contributing to the negative sentiment. In the US, major indices experienced significant losses:
- Dow Jones Industrial Average: Declined by 337.47 points (-0.75%) to 44,544.66
- S&P 500: Lost 30.64 points (-0.50%) to 6,040.53
- Nasdaq Composite: Shed 54.31 points (-0.28%) to close at 19,627.44
These global declines are adding to the selling pressure in the Indian market.
Overall, the Indian stock market is facing a challenging day, with significant declines across the board. Investors are closely watching for potential interventions from the RBI that could stabilize the market and revive growth.
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