Sensex Plunge: A Week of Market Woes Amid US Trade Tensions

The BSE Sensex fell significantly, dropping over 1% and breaking the 75,000 mark, amid a weak US market trend and foreign fund outflows. Major IT stocks suffered notable losses. Meanwhile, some companies like Mahindra & Mahindra and Kotak Mahindra Bank bucked the trend. Global trade tensions and US tariff concerns contributed to investor anxiety.

Indian equity markets faced a challenging start to the week as the BSE Sensex plunged by over 1% on Monday, falling below the critical 75,000 level. This downtrend aligns with a shaky US market and continued withdrawals by foreign investors amid escalated concerns over US tariffs.

The Sensex ended the session at 74,454.41, while the NSE Nifty also saw a decline, dropping by 1.06% to 22,553.35. Over the past five trading days, the markets have suffered continuous losses, with the Sensex losing 1,542.45 points.

IT stocks like HCL Tech and Infosys were among the hardest hit, with heavyweights dragging the indices down further. Despite this, Mahindra & Mahindra and others managed to record gains. With global markets showing mixed performance and a weak US consumer sentiment report, concerns persist.