Mumbai: US President Donald Trump has pushed the world in tariff war by increasing tariffs on Canada, Mexico and China as promised by the US and in response, Canada and Mexico have increased tariffs on American imports and now Trump on European Union Threatened to impose tariffs, which has increased the possibility of disruption in the global supply chain. The risks today started creating gaps in global markets as well as Indian stock markets, which stopped improvement. Due to heavy buying in shares by foreign funds, the rupee fell 57 paise to the new historic low of 87.19 against the US dollar today. Today the funds invested heavily in capital goods, metal-mining and power stocks, amidst the possibility that Trump could leave the weapon of tariff on India at any time and put additional tariffs on imports including aluminum-steel, oil-gas and others is likely to. , Small and medium -sized shares also saw a decline again.
However, procurement of auto, finance, banking lead shares and select IT shares as well as in consumer durables shares prevents a major decline in Sensex and Nifty based indices. Late evening, with the decline in European markets, there was a decline of Dow Jones in futures trading in the US stock markets and more than 350 points in Nasdaq.
The capital goods index declined by 2683.08 points. The Sensex initially fell 749.87 points to 76,756.09, but the attraction of Bajaj Finance, Bajaj Finserv, Mahindra & Mahindra, Maruti Suzuki and others improved it and finally it fell 319.22 points to close at 77,186.74. The Nifty 50 initially rose to 23,381.60, then lost 23,250 levels and fell 260.15 points to a low of 23,222, finally 121.10 points fell to close at 23,361.05. In the month of February, vehicle sales data of auto companies, as well as increase in vehicle procurement due to increase in income tax due to income tax exemption in the budget, saw an increase in vehicle procurement.
Decline in shares of capital goods
Many stocks saw a decline, as foreign funds unilaterally sells the stocks of capital goods and power companies, as if they were in recession. Siemens falls at Rs 519.35 to Rs 5231.70, the thermax fell by Rs 289.05 to Rs 3577.10, Hindustan Aeronautics fell by Rs 236.90 to Rs 3528.80, Larsen & Tobro falls at Rs 160.05 to Rs 3287.25, CG Power fell on Rs 585.50.45.45.45.45. 67.25 rupees But, Honor fell by Rs 1250.75 to Rs 38,100, Power India fell by Rs 422.55 to Rs 11,793.05, chefler fell to Rs 109.90. 3338.85 from Rs. The BSE Capital Goods Index fell 2683.08 points to close at 59898.65.
Decline in steel shares
The risk of increasing sugar dumping of steel and other metals in India today shocked metal-mining shares due to increase in tariffs on China, Canada and Mexico, and there is a possibility that US President Steel, Steel, may announce additional tariffs on aluminum. . , And other metals can be imported from India at any time. The BSE Metal Index fell 561.07 points to close at 27,583.62. Jindal Stainless fell by Rs 29.90 to Rs 593.20, Nalco fell by Rs 8.20 to Rs 189.60, Hindalco fell by Rs 12.15 to Rs 574.65, Prakash Industries fell by Rs 8.15 to Rs 149.25, Hindustan Zinc fell by Rs 8.45 to Rs 149.25, Rs 12.9500. Steel declined by Rs 1.05 to Rs 131.90.
Shopping in IT shares
Today Funds shopped in select IT-software services and technology shares. The BSE IT index rose 162.01 points to close at 41,622.82. Wipro increased by Rs 8.55 to Rs 313.50, signity increased by Rs 36.25 to Rs 1473, Infosys increased by Rs 11.95 to Rs 1863.85, L&T technology increased by Rs 94.35 to Rs 5504.90.
Shopping in auto stock
Apart from the purchase of funds, today the major shares of automobile companies were sold in total. Vehicle sales figures for the month of January remained mixed, but due to increase in expenditureable income due to income tax exemption in the budget, increase in vehicle procurement was attractive to select shares. TVS Motor increased by Rs 94 to Rs 2651.65, Mahindra & Mahindra increased by Rs 91.20 to Rs 3171.35, Eicher Motors increased by Rs 82.60 to Rs 5470.90, Maruti Suzuki increased by Rs 193.80 to Rs 13,115. ,
2877 stocks closed negatively
The width of the market again became negative as investors and players stayed away from new purchases, as they feared that Trump’s tariff war would negatively impact industries and companies. He once again sold small and medium-cap shares. Out of a total of 4184 shares done on BSE, 1139 were in profit and 2877 were in loss.
Decline in investors’ assets
Investors’ assets, ie the total market capitalization of companies listed in BSE, declined by Rs 4.30 lakh crore to Rs 419.54 lakh crore as the shares again saw widespread selling.
FII sold Rs 3958 crore
On Monday, FII sold cash worth Rs 3958.37 crore. While DII-Ghrelu institutional investors today made a net purchase of Rs 2708.23 crore in cash.
European stock markets declined due to tariff threat by European Union: Nikkei falls 1,052 points
The European markets today declined a drastic decline in the European Union countries threatening to impose tariffs on the European Union countries under the tariff war by Donald Trump. The London Stock Exchange’s FTSE 100 index fell 115 points, Germany’s DAX index fell 373 points, and France’s CAC 40 index fell 133 points. In the markets of Asia-Pacific countries, the Nikkei 225 index of Japan’s Tokyo stock market fell 1052.40 points to 38520.09 today.
