The domestic stock market finally finally closed in a red mark after a huge climb on Monday. The BSE Sensex closed at 81,373 points, even after a large recovery even after a large recovery of its initial loss at the end of the trading. Similarly, NSE Nifty also fell 34.1 points to close at 24,716.60 level. Business was in the major benefits of Nifty, Adani Ports, M&M, Eternal, Tata Consumer, Power Grid Corp, while Hero MotoCorp, Tech Mahindra, JSW Steel, HDFC Life, Tata Steel declined.
Decline in IT and metal index
According to the news, PSU bank and realty rose by 2-2 percent in sectors. In contrast, Consumer Durables, IT and Metal Index recorded a decline of 0.5–0.5 percent. The BSE midcap index recorded a rise of 0.6 percent and the Smallcap index 0.4 percent.
What was the reason for the market to fall
According to experts, US President Donald Trump on Monday threatened to double the tariff to 50 percent on imported steel and aluminum from 4 June to 50 percent of the stock market declined on Monday. The fresh tariff shock shook the markets globally. Market experts reported that investors are making profits in select legendary shares. Foreign portfolio investors (FPIs) have reduced the purchase of Indian shares, causing pressure on the market. Along with this, there is a lack of new positive signals in the domestic market, due to which the major indices are not able to go up.
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