New Delhi: Dalal Street was in a slump at the beginning of the week yesterday. Despite trying to rise comparatively in the previous week, the Sensex crashed again as soon as this new ‘week’ began. On Monday, the Sensex fell by about 510 points throughout the day. It fell by 0.69 percent. The same is true for the Nifty 50.

92 points were erased from that index throughout the day.

However, this fear of a fall is not over yet. Almost every stock market around the world crashed before the Indian market opened on Tuesday. Behind the scenes, America shook the Kolkata.

What exactly happened?

It is known that the ‘contagion’ has hit the stock market of Wall Street or America. Big investors are selling their shares in a hurry and withdrawing their money. Due to which the stock markets of almost all countries of the world have become turbulent.

Why are US investors suddenly in a selling mood?

Foreign investors have been turning their backs on the Indian stock market for the past six months. Keeping in mind multiple reasons like the fall of the Indian currency against the dollar, big investors have withdrawn their investments from the Indian market. Due to which, Dalal Street has lost thousands of crores of rupees.

Now, the same contagion has spread to Wall Street in America, 12,000 kilometers away from Dalal Street. Investors have also started withdrawing their invested capital there. Due to which the US stock market is in a turmoil. And the rest are also falling by the wayside. Some experts claim that Trump is stirring the pot behind the whole incident.

Since coming to power, he has declared a trade war against China, Mexico and Canada. Due to which, Trump has been sitting on a pedestal accompanied by controversy. Many economic experts claim that due to his decision, the price increase in the country is going to double in the coming days. However, despite not speaking out about the price increase, Trump claims that he has taken such steps to bring back US assets scattered around the world.

In an interview with a media outlet on Monday, Trump said, “There is going to be a big change in America.” In addition, when the question was raised about whether the country could face an economic recession, Trump practically dismissed it. But after the president’s assurance, investors began to withdraw all their capital from Wall Street.