Stock market
The mood of the Indian stock market has deteriorated after the budget. The announcement by US President Donald Trump to increase tariffs on China, Canada and Mexico and the action by these countries has spoiled the mood of markets around the world. Let us tell you that the US government announced 25 per cent tariffs on imports from Canada and Mexico and 10 per cent on Chinese goods, which will be effective from Tuesday. The announcement caused panic among investors, leading to a steep fall in the major Asian stock markets. Its impact is being seen on the Indian market. The 678.01 Sensex points have broken down to 76,827.95 in early trade. At the same time, NSE Nifty has fallen by 207.90 points to 23,274.25 points. If you look at the breaking shares, Tata Motors, Tata Steel, Zomato, IndusInd Bank is a major decline.
5 lakh crores of investors drowned as soon as the market opened
Due to the major decline in the market, 5 lakh crore rupees of investors have been drowned in just 5 minutes. This is not the case today. Investors have been constantly losing investors for a long time. Mutual fund investors have disappointed due to the major decline in the market. Due to this, the figure of closure of SIP accounts has reached a record level.
Asian stock markets fall drastically
With the commencement of trade war, there is a big decline in the markets around the world. The major Asian Index, including Japan’s Nikkei 225 index, fell more than 2.27 per cent, while Hong Kong’s Hong Seng index declined by 2.07 per cent. Taiwan’s index saw the biggest decline, which has fallen more than 3.74 per cent. Asian markets often react strongly to American policies, especially when they involve trade restrictions. China, especially in the global supply chains, plays an important role and tariffs on Chinese goods may increase and cause market disruption. Until this report was written, there was a pressure of selling in most Asian markets.
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