The Indian stock market has started today with a major decline. There are many important reasons behind this – America has imposed tariffs on more than 180 countries, in response to which China has imposed a counter -tariff of 34% on US products. Apart from this, selling continues from foreign investors and the meeting of the Reserve Bank of India Monetary Policy Committee (MPC) is also starting from today. All these factors are having a negative impact on the market.
Big decline in Indian stock market
Both Sensex and Nifty opened with a major decline by 9.30 am. The Sensex opened at 72,840.46 below the Sensex -2,524.23 points, while the Nifty -814.50 points opened at 22,089.95.
Asian markets also declines a big decline
The Asian markets continued to decline on Monday, as the fears of global trade war have raised the concerns of the global trade war due to the tariff imposed by US President Donald Trump. Japan’s Nikkei index fell more than 8 percent, while the Topix index fell 8.6 percent. Japanese futures trading was temporarily stopped due to a rapid decline in the market due to circuit breakers.
South Korean markets also saw a major decline. In early trade, the KOSPI index declined by 4.3 percent, while the KosDaq fell by 3.4 percent. Australia’s ASX 200 index fell 6 percent and now it is 11 percent below its summit, and has entered the reform sector.
In the US too, the trust of investors seems to be decreasing. Dow Jones Futures declined by 979 points or 2.5 percent. S&P 500 futures declined by 2.9 percent, while Nasdaq 100 futures fell by 3.9 percent.
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