Share Bazaar News: On Thursday, the next day, local stock markets witnessed a strong decline on imports on import of Indian products in the US. Sensex fell 706 points while Nifty fell by 211 points. Analysts said that in addition to the US fee increase, the frequent withdrawal of foreign capital also affected the notion of investors.
The additional 25 percent fee imposed on India by US President Donald Trump came into effect on Wednesday. With this, the total fee in the US on Indian goods increased to 50 percent. The BSE’s 30 -share standard index Sensex fell 705.97 points, or 0.87 percent to close at 80,080.57 points. At one time during trading, it fell 773.52 points to 80,013.02. NSE’s 50 -share standard index Nifty fell 211.15 points, or 0.85 percent, to close at 24,500.90 points.Also Read: Stock market rolled by Trump’s tariff, what is the condition of Sensex Nifty
Shares of these major companies fluctuate: HCL Tech, Infosys, Power Grid, Tata Consultancy Services, HDFC Bank, Hindustan Unilever, Bharti Airtel and ICICI Bank were prominently damaged among the companies in the group of Sensex. However, the shares of Titan, Larsen and Toubro, Maruti and Axis Bank closed with an increase.
Vinod Nair, head of research from Jiojit Investments Limited, said the domestic stock market closed down with a decline amid disappointment after the fees on Indian goods were implemented. Cotton import duty exemption extended the expectations of policy support to combat duty effects for some time but the mood of investors remained critical. The government has increased the duty-free imports of cotton to 3 31 December to help the textile exporters facing 50 percent duty.ALSO READ: TRUMP TARIFF trembled from the stock market, Sensex 849 points to fall below 81,000 points, NIFTY also fell in NIFTY
In Asian and American markets: Other markets in Asia, South Korea’s Korea, Nikki of Japan and Shanghai composes of China closed in a positive realm while Hong Kong’s hanging remained in the decline. There was a mixed trend in European markets. On Wednesday, the US markets closed in a positive scope.
Brent Crude at $ 67.63 per barrel and FII was sold on Tuesday: Global oil standard brent crude fell 0.62 percent to $ 67.63 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 6,516.49 crore on Tuesday. However, domestic institutional investors bought shares worth Rs 7,060.37 crore.Also Read: Sensex gained 329 points due to buying in IT shares, Nifty also benefits
Market closed on Ganesh Chaturthi: Domestic stock markets were closed on Wednesday to commemorate Ganesh Chaturthi. On Tuesday, the Sensex fell 849.37 points to 80,786.54 and the Nifty fell 255.70 points to close at 24,712.05 points. (Language)
Edited by: Ravindra Gupta
