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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.
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