Share market today: The Indian stock market saw a rise on Friday (April 11) following a positive indication of 90 days tariff break on selected countries by US President Donald Trump. Today i.e. on Friday, the 30 -share BSE Sensex opened up about 1000 points at 74,835.49. It closed at 73,847 on Wednesday. At 9:20 am, the Sensex rose 131.86 points or 1.53% to 74,979.01.
Similarly, the Nifty-50 of the National Stock Exchange (NSE) also opened at 22,695.40 with a gain of over 300 points. As soon as it opened, it reached 22,783.05 points. At 9:21 am it was 366.60 points or 1.64% to 22,765.75.
Trump banned taxes for 90 days
Trump made a major announcement on 9 April that the US would not impose any new duty on imports from most countries for the next three months. There is an atmosphere of hope in the Indian stock market after this announcement. This may pave the way for the first phase of the proposed bilateral trade agreement (BTA) to finalize the first phase between India and the US.
However, the Trump administration has increased the total tariffs on imported goods from China to 145%. However, some categories such as copper, pharmaceuticals, semiconductors and energy products are exempted from these increased charges. This has led to instability in global markets and has declined in the Asia-Pacific region’s markets.
Japan’s Nikkei 225 index fell 4.55% today after a strong rise on Thursday. South Korea’s Kospi fell 1.66% and Australia’s S&P/ASX 200 fell nearly 1.93%.
Global market weak
The US stock market saw a major decline on Wednesday, due to which the Asian markets also started weak on Thursday. The US share futures also saw weakness late on Thursday night. S&P 500 futures declined by 0.99%, Nasdaq 100 futures declined by 1.11% and Dow Jones Futures fell by 0.86%.
On Wednesday, Dow Jones Industrial Average fell 2.50% to close at 39,593.66, S&P 500 fell 3.46% to close at 5,268.05, while Nasdaq fell 4.31% to close at 16,387.31.
The Indian stock market remained closed on the occasion of Mahavir Jayanti on 10 April. However, the gift Nifty futures were trading at 22,943 at 7:13 am on Friday, which was about 460 points more than the previous trading session. This shows that Indian markets can make a strong start on Friday.
The post stock market today: positive impact of tariff stop, increase in investors’ assets for Rs 6 lakh crore first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
