The domestic stock market opened at a flat level on Tuesday (February 25) amid mixed trend in global markets. On the second day of the week, the BSE Sensex was trading 86.55 points or 0.12% to 74,540.96. The Nifty also rose 8.80 points or 0.04% to 22,562.15. US President Donald Trump’s decision on tariffs, signs from global markets and the attitude of foreign institutional investors (FIIs) will determine the direction of domestic stock markets on Tuesday. The BSE Sensex fell 856.65 points or 1.14 percent to close at 74,454.41 in the previous trading session, while the Nifty 50 fell to 242.55 points or 1.06 percent to close at 22,553.35.
US President Donald Trump said on Monday that he would carry forward the tariff scheme on imports from Canada and Mexico after the end of one month next week. He said in the White House Press Conference that the tariffs would apply at the scheduled time. He emphasized that other countries have ‘taken advantage of America’. Trump reiterated his intention of putting tariffs and said, “We are going to build a lot of areas.” Let us tell you that Trump signed several orders on 1 February. This included imposing 25 percent tariffs on Mexican and Canadian products, as well as a 10 percent fee on Canadian energy.
What are the indications from the global market?
In the US stock markets, the Nasdaq Composite Index closed down 1.2 percent, while S&P 500 fell 0.5 percent at night on Wall Street. However, Dow Jones Industrial Average increased by 0.08 percent. In the Asian markets, Japan’s Nikkei index was down 0.94 percent on Tuesday morning, South Korea’s Kospi Index was 0.52 percent, Australia’s ASX 200 0.86 percent and Hong Kong’s Hangseng index fell 1.8 percent.
