New Delhi:
Stock Market Today: After the announcement of US President Donald Trump’s new tariff announcement, there has been a stir in markets around the world. From Asian markets to American stock market, there is a decline everywhere. The decision also affected the Indian stock market, where Sensex and Nifty started trading with a huge decline.
Stock market falls heavy, investors shock
As soon as the market opened on Thursday, the selling in the Indian stock market dominated. The Sensex fell by 805.58 points to 75,811.86. The Nifty 50 is also trading at 23,150.30, falling 182.05 points.
However, in the early trade, there was a fast recovery in the market. At 9:30 am, the Sensex was trading at 23,254.65 with a decline of 345.21 points (0.45%), 76,272.23 and the Nifty 77.70 points (0.33%).
Light growth in midcap-molecap, pressure in largecap shares
In the early trade of the stock market, midcap and smallcap index were trading with a slight increase, while largecap shares saw pressure. The Nifty Midcap 100 index was up to 52,183 with 125 points (0.24%), while the Nifty Smallcap 100 index was trading up 121 points (0.75%) to 16,283.
Pharma, realty and energy sector boom
Talking about the sectoral index, auto, IT, PSU bank, FMCG, metal and media sector saw a decline. At the same time, shopping was seen in pharma, realty and energy sector.
Sensex’s top lousers and gainers
Infosys, HCL Tech, TCS, Tech Mahindra, Tata Motors, Mahindra and Mahindra, Bharti Airtel, Reliance, HDFC Bank, Maruti Suzuki and Kotak Mahindra Bank were the top loser stocks. At the same time, Sun Pharma, Power Grid, NTPC, Bajaj Finance, Bajaj Finserv, Titan and Ultratech cement emerged as the top gainer.
American and Asian markets too
After the announcement of Trump, American and Asian markets also dropped.
Why did such a big fall?
Donald Trump has announced the installation of recipe crocal tariffs on China, Japan, South Korea and the European Union. Trump has announced a counter -tariff on about 180 countries. India has been imposed on India 26 percent, China 34 percent, Vietnam 46 percent and European Union 20 percent. Under this, 24% tariffs have been imposed on Japan, 25% on South Korea. This decision can affect international trade, which has created an atmosphere of fear in the market.
Indian companies may also get a shock by this decision, especially those who are associated with export and tech sector. This decision of Trump can weaken the rupee, which will affect foreign investment.