What is the story about?
Mumbai: The Indian stock market continued its downward trend for the sixth straight session on Monday, January 12. The Sensex fell over 500 points to an intraday low of 83,043, while the Nifty 50 dropped
to 25,529. Over six days, the Sensex has lost more than 2,700 points, erasing over Rs 16 lakh crore from investors’ wealth.
Concerns Over US Tariffs
One major worry for investors is the possibility of higher US tariffs on Indian goods. Despite several rounds of talks, a trade deal between India and the US has not materialized. A recent US bill on Russian sanctions could push tariffs on Indian imports to as high as 500 percent, creating significant uncertainty for exporters.
