The Asian markets on Thursday saw a huge decline in the Asian markets after US President Donald Trump’s announcement of reciprocal tariffs (reciperook tariffs) on several countries. This also affected the Indian stock market and the market opened with a decline.
There was an atmosphere of weakness as soon as the market opened on Thursday. The BSE Sensex opened over 800 points to 75,811.12, showing a decline of 1.05 percent. At the same time, the NSE Nifty 50 index fell 182.05 points to open at 23,150.30, showing a decline of 0.78 percent.
In early trade, IT and auto sector saw a decline, while the pharma sector recorded a rise of more than 4 percent. There was no change in about 854 shares, 1,295 declines and 157 did not change.
Shares like TCS, Tech Mahindra, Tata Motors, Hindalco and ONGC were in loss on the Nifty, while Dr. Reddy’s Labs, Cipla, NTPC and Apollo Hospitals were in profit.
The market was gaining momentum on Wednesday. The BSE Sensex rose 592.93 points, or 0.78 percent to close at 76,617.44. The Sensex went up to 655.84 points at a time during trading. NSE Nifty also closed at 23,332.35 with a gain of 166.65 points, or 0.72 percent.
Tariff rates declared by Trump – 34 percent on China, 46 percent on Vietnam, 26 percent on India, 26 percent on South Korea and 24 percent on Japanese goods – the impact was clearly visible on the entire Asian market.
After this announcement, selling pressure increased in global markets. Asian markets also saw a decline. Areas such as automobiles, pharmaceuticals, electronics, IT and jewelery have been affected and investors are keeping an eye on the market direction.
Japan’s Nikkei 225 fell nearly 3.5 percent and the topics index fell 3.32 percent.
Hong Kong’s Hang Seng index fell 2.43 percent and China’s Shanghai Composite Index below 0.91 percent.
The new tariff imposed on China is added to 54 percent to the total to 54 percent.
South Korea’s Kospi index fell 1.29 percent, although it was slightly better than the loss of 3 percent earlier.
Australia’s S&P/ASX 200 fell 1.17 percent in early trade.
Gold prices rose and it reached a record level of $ 3,153.92 an ounce.
The S&P 500 index in the US rose 0.67 percent to closure at 5,670.97, while the Nasdaq Composite rose 0.87 percent to 17,601.05.
Dow Jones Industrial Average closed at 42,225.32 with a gain of 235.36 points. Alan Musk’s company Tesla recorded a 5.3 percent increase in shares.
Earlier, Trump had announced a baseline rate of 10 percent on all imports and different high rates for many countries.
Trump says that these rates are less than the fees that other countries levy on products coming from the US. It includes tariffs as well as non-monetary barriers.
The US fee for India has been fixed at 26 percent, which the US has determined keeping in mind both types of obstacles.
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The post Stock Market News – 03 April 2025 First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
