Mar 9 • 15:55 UTC 🇮🇳 India Aaj Tak (Hindi)

These 5 major stocks are in free fall? The stock market crashed with a drop of up to 60%

The Indian stock market is experiencing turmoil due to the war, leading to significant declines in major stocks.

The ongoing war has created chaos in the Indian stock market, with the Sensex plummeting by 1,352 points to close at 77,566.16, while the Nifty witnessed a decline of 422.40 points. This dramatic drop can be attributed to a nearly 10% reduction in the indexes, troubling many investors and stakeholders in the market. Amidst this turmoil, several high-profile stocks that had previously shown remarkable rallies are now facing severe corrections.

Among the worst affected is Trent Ltd., a retail company under the Tata Group, which has seen its share price fall dramatically from a record high of approximately ₹7800 in October 2024 to around ₹3622 currently, marking a decrease of over 50%. Concerns over profit booking and valuation have plagued the stock's performance recently. Similar downward trends are seen in Jio Financial Services, which is also experiencing a sharp decline, reflecting the overall bearish sentiment in the market.

This downturn in the stock market not only affects individual stocks but has broader implications for investor confidence and the economic landscape in India. Stakeholders including retail investors, financial analysts, and regulatory bodies are closely monitoring these developments as market stability becomes a growing concern amid geopolitical tensions.

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