There has been a continuous decline in the Indian stock market for the last two days and similar global signals are being seen even today. Actually, there is chaos in the American stock market. S&P to Gift Nifty are in bad shape and are in the red. Meanwhile, there has been a huge decline in the wealth of the world’s top rich and Elon Musk has suffered the biggest blow.
Biggest decline in global index
First of all, let us talk about the chaos in the global market, then let us tell you that Gift Nifty was trading at the level of 24,160 with a decline of 0.38 percent. On the other hand, S&P and Nasdaq indexes have seen the biggest decline after the year 2022. Due to heavy selling on Thursday, S&P 500 saw a huge fall of 2.31 percent and Nasdaq saw a huge fall of 3.64 percent. If we talk about Dow Jones, it fell by 1.25 percent.
Tsunami in the shares of these big companies
The reason behind this uproar in the American market can be attributed to the decline in the shares of some big companies of the world, which have proved to be villains. Among these, the world’s richest person Elon Musk’s electric car company Tesla was at the forefront. Tesla’s shares fell sharply by 12.3 percent and came to the level of $ 215.99 per share.
1.81 lakh crore rupees in one stroke
The impact of this huge fall in Tesla Shares has also been seen on Elon Musk’s net worth and in one stroke, $21.7 billion (about Rs 1.81 lakh crore) was wiped out from his wealth. However, despite this decrease in his net worth, Elon Musk continues to occupy the position of number-1 rich person. His total net worth is now 241 billion dollars.
Shares from Google to Meta slipped
The wealth of not only Elon Musk but also Jeff Bezos to Warren Buffet has decreased. Apart from Tesla, the big stocks which have seen a decline include NVIDIA and it has declined by 6.80 percent and reached $ 114.25. Apart from this, the shares of Meta Platforms fell by 5.61 percent to the level of $ 461.27. Not only this, the shares of Alphabet Inc., the parent company of the world’s largest search engine Google, slipped 5 percent to $ 174.37.
Impact may be visible on Indian market!
Along with America, Japan’s Nikkei 225 slipped 2.72 percent, South Korea’s Kospi slipped 1.77 percent, Australia’s S&P/ASX 200 slipped 0.94 percent and Hong Kong’s Hang Seng slipped 0.39 percent. Amidst this chaos, an estimated amount of about 1 trillion dollars was lost. The effect of any movement in the global market is visible on India also and the Indian Stock Market, which has been falling for the last two days, may appear sluggish even today.
(Note- Before making any kind of investment in the stock market, definitely take advice from your market experts.)