Trump Effect: Indian Stock Market Plummets Amidst Iran Tensions

Mumbai: US President Donald Trump's open warning of a military strike on Iran has had a devastating effect on the Indian stock market today. There was widespread panic among investors as the market opened on Thursday morning. According to live data from the official websites of BSE (Bombay Stock Exchange) and NSE (National Stock Exchange), the market has seen a huge bloodbath as of 9.40 am. The Sensex has lost 1,526 points, while the Nifty is trading at an all-time low, down 470 points. Millions of rupees of investors'wealth have been wiped out in the trading session counting minutes after the opening bell. According to various global digital business media platforms and stock market experts, this'Trump effect'is causing heavy selling pressure all around the market.