Trump Tariff Effect on Share Market: The Indian stock opened for the first time on Thursday after Trump implemented Trump Tariff on India. Tariff panic appeared in Sensex and Nifty today. The BSE Sensex fell 508.16 points to 80,278.38 points in early trade and NSE Nifty slipped 157.35 points to 24,554.70 points.
However, some recovery also appeared in the market after this. By the time the news was written, the Sensex declined by 255 points at 80531 and the Nifty was 73 points down to 24,639. Shares of banks, pharma and tech companies were insisted on selling.
The pressure on the domestic markets increased due to the implementation of 25 percent of additional fees imposed on India for America for Russian oil procurement. India is now charged a total of 50 percent US fee. Apart from this, the withdrawal of foreign capital also affected the notion of investors.
Significantly, on the occasion of Ganesh Chaturthi, shares and foreign exchange markets were closed on Wednesday.
Edited by: Nrapendra Gupta
