Bhopal (Madhya Pradesh): Friday’s stock market crash saw a significant drop in portfolio values for investors in Bhopal and across Madhya Pradesh, with losses ranging from 15% to 40% over the past five months.
On a single day, the market experienced a sharp 5% dip, sending shockwaves through the region’s trading community.
The intensified selling pressure in the Indian stock market on Friday is attributed to a combination of factors, with analysts citing the US administration’s tariff policies as a key reason.
These policies, coupled with global economic situation, have raised concerns, particularly regarding BRICS’ proposal for a shared currency among its member countries (Brazil, Russia, India, China and South Africa). This proposal is seen as an effort to reduce dependence on the US dollar and increase economic autonomy.
Aditya Manya Jain, managing director of Kalpatru Multipliers Limited, said, "The stock market bloodbath has resulted in losses running into crores for investors in Bhopal and Madhya Pradesh.
Today alone, portfolio values saw a 2% to 5% drop, and over the last five months, they have plummeted by 15% to 40%. Domestic financial institutions, like LIC, have failed to manage the crisis due to their own losses. In such times, the RBI is expected to push liquidity into the market. Patience is key for traders in such a volatile market." Santosh Agrawal, president of the Share Market Traders Association, said, "Market fluctuations are a normal part of trading, but this time domestic institutions have failed to support the market.
Factors such as cryptocurrencies and US policies are contributing to this temporary phase of volatility. Tremendous selling pressure has led to the market’s collapse, with sectors like IT, tech, auto and telecom facing the hardest hits."