Ahmedabad: After US President Trump imposed tariffs on several countries, there was a lot of pressure from foreign investors in the Mumbai stock market today, after the news of China deciding to impose 34 percent tariff in retaliation, there was a decline of 931 points in the Sensex and 345 points in the Nifty. Investors’ assets declined by Rs 100 crore today due to the decline in the Sensex. There was a loss of Rs 10 lakh crore.
After Trump implemented tariffs last night, after a steep decline in the US stock market, China today announced a 34 percent tariff on imports from the US. The market morale fell due to the decision to implement it from 10 April. Apart from this, Trump’s statement also affected the market that he would soon put tariffs on pharmaceuticals.
After these reports, today there is large-scale selling by operators, players and funds in areas such as metal, pharma and IT. It also had an impact on other stocks including BSE, resulting in the Sensex fell by 330.67 points to 75,364.69 at the end of the trading and the Nifty also fell 345.65 points to 22,904.45, losing the level of 23,000 points to 22,904.45.
Today, due to selling pressure, investors’ assets (BSE market capitalization) fell by Rs 1,000 crore. There was a loss of Rs 9.99 lakh crore and eventually Rs. It was 403.34 lakh crores. Today, due to heavy selling pressure, small midcap stocks saw a rapid decline.
Nasdaq fell 827 points to 15726.76
Trump brought a tsunami in the US market: Dow 1855 points down
– Trump had to earn $ 600 billion per year from mutual tariffs, more than two days were approved in two days.
Washington: Trump’s mutual tariff measures and response to them have created a tsunami in the global market as well as the US stock market. After falling 1,400 points yesterday, Dow today fell on the last day of the week, the second consecutive day on Friday and declined by 1,855 points, or more than four and a half points.
Apart from this, Nasdaq fell 827 points i.e. five percent to 15,726.76. Gold also fell by $ 2.65 percent or $ 83 to $ 3,029. While crude oil fell 8 percent to $ 61.65. Apart from this, SGS Nifty also remained 400 points.
In response to 34 percent mutual tariff imposed by the United States, the Chinese Ministry of Commerce said it would also impose 34 percent tariffs on all US products. Trump said that China is terrified by our action and that is why it has taken this decision. Thus, it is believed that the trade war has begun, in which Canada has imposed 25 percent mutual tax on the US, and China has imposed 34 percent mutual tax on the US.
On Friday, it seemed that technology shares had lost all expectations. The shares of iPhone manufacturer Apple declined by more than five percent. This week it has recorded a decline of more than ten percent. Shares of NVDia, a leading company in the artificial intelligence, fell by seven percent. Tesla fell by ten percent. These three companies have a major stake in China. Therefore, the counter -charges levied by Beijing will have a tremendous impact on these three companies. Apart from technology companies, Dow further declined due to the possibility of damage to China’s largest exporting companies Boeing and Caterpillar.
Thus, the value of the US stock market has ended in only two days, which is more than $ 600 billion, which was about to earn every year for the US economy by putting a Trump mutual tariff. In two days, Dow Jones has fallen more than three thousand points.
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