Stock Market News: Why did the Sensex suddenly fall 800 points from its peak? This is the biggest reason for the fall in the market

The market is witnessing a decline today after an initial rise on Tuesday. Prior to this, the market witnessed a rise for 6 consecutive sessions. On Tuesday too, the market started well amid good global signals, but this rally did not last long. In a short while, profit booking pressure was seen from the upper levels and the Sensex slipped by about 800 points from the day's peak. Investors are taking profits amid the news and uncertainty about Trump tariff.

The Sensex was trading at an intraday low of 77,912.18, down 829.51 points or 1.06% from the day's high around noon. Nifty also fell 242.05 points to 23,627.55 due to selling pressure in select heavyweight stocks. IndusInd Bank, Dr Reddy's Labs, Hindalco, Coal India and ICICI Bank are seeing a decline.

What is the biggest reason for the decline in the market? 1. Market Trump tariff concern: - Investor sentiment has been affected after US President Donald Trump's statement on automobile tariffs. He indicated that all tariffs would not be implemented by April 2, but he remains firm on his position to impose a 25% tariff on any country buying oil and gas from Venezuela. News agency Reuters quoted a White House official in a report that the President is committed to implementing reciprocal tariffs. VK Vijaykumar of Geojit Financial Services said that the market movement is in favor of investors, but there is no strong support for continued growth due to the uncertainty of trade tariffs. 2. Profit booking:- After the initial rise, profit booking is being seen in the market. Traders consider profit booking a better strategy amid concerns of geopolitical tensions and possible trade disruption. Analysts say that in the short term, the market trend will depend on the improvement of domestic consumption and improvement in corporate earnings. 3. Weak global signals:- Global markets have also put pressure on domestic equities. Dow Jones Futures, the major index of the US market, was seen operating in the negative zone. South Korea's Kospi fell 0.5% to 2,617.11. 

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