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Market crashes for fifth session
The Morning Standard
|February 12, 2025
Benchmark indices BSE Sensex and NSE Nifty50 plunged by nearly 1.3% each
DOMESTIC equity market extended its losing streak for the fifth consecutive session on Tuesday. Benchmark indices the BSE Sensex and NSE Nifty50 -plunged by over 1.3% each.
The ongoing bearish trend has wiped out a staggering ₹19 lakh crore in just five sessions, driven by escalating global trade tensions. The latest trigger was US President Donald Trump's decision to impose a 25% tariff on steel and aluminum imports.
Additionally, the continuous outflow of foreign institutional investors (FIIs), the weakening rupee, and disappointing corporate earnings have exacerbated the market's downturn.
Dit verhaal komt uit de February 12, 2025-editie van The Morning Standard.
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