Tuesday became inauspicious for the Indian stock market as soon as Donald Trump assumed the presidency.

It was a bad day for the Indian stock market. There was a big drop in the market today. The BSE Sensex ended 1235.08 points lower at 75, 838.36. Similarly, the broader NSE Nifty fell 320.10 points to 23, 024.65. Among the 30 Sensex scrips, only 4 ended in the green. There were 26 major declines. After all, why did the market fall so drastically when Donald Trump became the US President? US President Donald Trump announced the imposition of trade tariffs on neighboring countries as soon as he took office. This impacted the sentiments of the investors. Due to this, there has been a big decline in the Indian market including the world today.  A massive sell-off in the Indian stock market wiped out over Rs. 7.1 lakh crore of investor wealth today as the total market capitalisation of BSE-listed firms declined to about Rs. 424.5 lakh crore from Rs. 431.6 lakh crore in the previous session According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, the benchmark indices fell sharply today. The Nifty closed 320 points lower, while the Sensex fell 1235 points. Among sectors, all the major sectoral indices ended in the red, but the realty index declined the most, by over 4 per cent. Technically, after a gap-up opening, the market continued to face selling at higher levels. We believe that, as long as the market trades below 23, 100/76000, the weakness will remain. On the downside, the market can fall to 22,900/75500. Further weakness is likely to continue, which may pull the market to 22850/75300. However, above 23100/76000, the market may bounce back, and move towards 23,250-23, 300/76400-76500. The current market structure is unstable.