Bhavish Agarwal
The Indian stock market plummeted on April 2 after US President Donald Trump threatened to launch fresh attacks on Iran. The Sensex and Nifty indices fell by 1.89% and 1.88% respectively, with foreign portfolio investors selling shares worth Rs 8,331 crore.
The Indian stock market opened in deep red on April 2. The Sensex was down 1,385.82 points at 71,748.50, and the Nifty was down 426.40 points at 22,253.00. US President Donald Trump's threat to launch fresh attacks on Iran led to the market crash. Foreign portfolio investors sold shares worth Rs 8,331 crore. The Indian rupee is under pressure due to high crude prices and a widening trade deficit. The India VIX, a volatility gauge, rose 5% on April 2.
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