US President Donald Trump has announced a reciperook tariff on India around the world and its impact is being seen as a strong decline in the Asian markets. India also has a tariff bomb on India and has imposed a tariff of 26 percent. The impact of negative global signals can also be seen on the Indian stock market. The Sensex and Nifty were seen running with a sharp speed on the last trading day, but after the announcement of Trump Tariff, the impact of the furore in Asian markets on Thursday can be seen in the domestic market.
US President Donald Trump has announced the Reciprocal Tariff and has named this day as Liberation Day. Donald Trump has announced how much tariff will be charged from which country. According to the new tariff rate, the US will collect 34% from China from the European Union, 24% from Japan and 26% from India. With the announcement of the tariff, there has been a stir in the Asian markets and the worst condition of Japan’s stock market is seen.
There is a stir in Asian markets
Japan’s Nikkei index fell more than 4 per cent after the announcement of discounted recipes on Donald Trump. Nikkei share index fell to 4.6% on Thursday. The Nikkei index reached 34,102, the lowest level in the last eight months. The US has imposed 24% import duty on Japan. On Thursday, the gift Nifty was also seen trading more than 200 points in early trade.
Apart from Japan, South Korea slipped around 3 percent with the opening of the Kospi index. So Hong Kong’s Hang Seng index was trading in the red zone at 23,094 compared to its previous bandh. Australia’s S&P/ASX 200 was also seen trading up to 1.55%.
A big impact can be seen on these shares
According to Business Today Market market analyst Ankur Sharma, there is a possibility of gap-down opening in Nifty and Sensex. Auto, IT and pharma stock can be seen the most impact. He said that we can expect Trump Tariff to have the worst effect on the pharma sector. Although details of specific tariff percentage are not given, America is an important market for Indian drug exports. Increase in tariffs may lead to a potentially decline in export revenue. Apart from this, the IT sector is also in focus, as the US has indicated a possible tariff on IT services.
Sensex-Nifty filled the flight on Wednesday
On the last trading day, the Indian stock market had seen a huge rise in the first day before Trump Tariff. Talking about the BSE index Sensex, it was opened at a level of 76,680.35, jumping from its previous closed 76,064.94 level and had reached a level of 76,680.35 with a gain of 600 points during trading. With the same speed, the Sensex market closed at 76,617.44 with a gain of 592.93 points.
At the same time, the Nifty was also seen holding pace from the beginning and it continued till the end. NSE NIFTY started trading at 23,192.60 from the level of 23,165.70 in its previous closed closure and then jumped to a level of 23,350. However, in the end, this index of the National Stock Exchange rose by 166.65 points to close at 23,332.35.
Big impact on auto sector
The top American automakers declined a sharp decline after trading, with General Motors more than 7 percent, Ford 4.6 percent and Stalentis down 4 percent. Japanese vehicle manufacturers have also declined and Nissan, Toyota and Honda have fallen by 2-3 percent, while Hyundai Motor and Kia in South Korea have fallen by about 4 percent.