Donald Trump’s reciperook tariff is going to be implemented from today and before that the Indian stock market has seen a huge boom. The 30 -share Sensex of Bombay Stock Exchange was closed with a gain of 592 points after trading in the green zone throughout the day, while the National Stock Exchange’s Nifty also closed with a jump of 166 points. Meanwhile, shares ranging from Titan, Zomato, Indusind Bank to Adani Ports closed with a tremendous speed.
Sensex continued throughout the day
First of all, let’s talk about the index Sensex of BSE, so let us know that it was opened at a level of 76,680.35, jumping from its previous closed 76,064.94 level and reached a level of 76,680.35 with a gain of 600 points during business. With the same speed, the Sensex market closed at 76,617.44 with a gain of 592.93 points.
Nifty shared the trick
Like the Sensex, NSE’s Nifty was also seen holding pace from the beginning and it continued till the end. NSE NIFTY jumped from its previous closed 23,165.70 level to 23,192.60 and then jumped to a level of 23,350. However, in the end, this index of National Stock Exchange rose by 166.65 points to close at 23,332.35.
These shares rocked
Talking about the most fleeing shares during trading in the stock market on Wednesday, ZOMATO SHARE (4.92%), Titan Share (3.73%), Indusind Bank Share (2.88%), Maruti Share (2.09%) were rose when the market is closed. Apart from this, Kalyan Jewellers Share (11.81%), Godrej India Share (5.37%), NAM-India Share (5.25%), Godrej Properties Share (5.08%) closed up in the midcap category.
Meanwhile, look at the performance of smallcap companies, then this category has the biggest boom in the shares of Hester Biosciences and it put 20% upper circuit. Apart from this, Baazar Style Share also hit an upper circuit of 20%. At the same time, SIVA Cement 13.53%, VMART Share 10.63%, NACL India Share jumped 8.90%.
Today is Trump Tariff-Day
Let us know that US President Donald Trump had announced to impose reciperook tariffs on all countries and fixed the date of April 2 to implement it. Due to this, the stock markets around the world looked scared. But the Indian stock market’s response on Tariff Day has seen completely different.
Trump’s statement on Tuesday is believed to be the reason behind the boom in the market, in which he claimed that India is ready to ‘significantly’ in tariffs on American goods just before the deadline of April 2. However, now it is interesting to see how much reciperook tariff is imposed on India.
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)