The one who was afraid, the Indian Stock Market was opened with a big fall amid bad global signals. The Bombay Stock Exchange had a 30 -share Sensex of more than 400 points after the opening of Sensex. So on the other hand, the Nifty-50 of the National Stock Exchange also slipped more than 150 points by step by the Sensex step. After the announcement of US President Donald Trump’s announcement of imposing tariffs on Canada and Mexico, there was an outcry from US markets to Asian markets and the Indian market has also been shocked.
Sensex-Nifty starts poorly
The Indian stock market is already expected to break up between negative global indications from the US to Asian markets. With the opening of the stock market on Tuesday, the Sensex fell by 268 points to the level of 72,817.34, declining by 268 points as compared to its previous closed 73,085 and in just a few minutes it declined further. By the time the news was written, the Sensex slipped more than 400 points to 72,633.
Like the Sensex, NSE NIFTY also dives in the beginning and opened below 22,000, slipping from the figure of 22,119.30 of its previous trading day. The Nifty-50 started trading at the level of 21,974.45.
Signs of decline were being found from abroad
Signs of lethargy in the stock market were already coming from foreign markets. On Monday, Dow was closed in the red zone from Jones to S&P. While Dow Jones fell by 1.48% to close at 43,191.24, on the other hand S&P slipped 1.76% and closed at 5849.72. Apart from this, this index was closed at 18,350.19 with a decline of 2.64% or 497.09 points.
Is the market shocked by Trump Tariff?
Donald Trump’s tariff war has caused a stir in the stock markets around the world. Actually, US President Donald Trump has announced tariffs on Canada and Mexico and it is going to be imposed on 4 March today. Both countries are preparing to impose high tariff of 25%. According to reports, 25% tariffs on Mexico and Canada will be imposed on $ 1.5 trillion goods annually. However, only 10% tariffs will be levied on Energy Import from Canada. Trump’s tariff war has seen not only the foreign market, but also the Indian stock market.
These 10 stocks shattered as soon as it opened
At the beginning of the stock market, where shares of 712 companies started trading in the Green Zone with an increase, there were 1612 shares, which started poorly and they were opened with a decline on the red mark. Apart from this, no change was seen in the event of 152 shares.
The most broken shares in early trade were Nestle India Share (2.80%), HCL Tech Share (2.50%), Tech Mahindra Share (2.10%), Titan Share (1.80%). In midcap companies, UNO Minda Share (2.67%) and Bharti Hexa Share (1.70%) were seen doing business by slipping. Talking about the smallcap, it was seen trading in the fall of Repro Share (9.27%), Eki Share (4.99%) and Kamo Paints Share (4.99%).
(Note- Be sure to consult your market experts before any kind of investment in the stock market.)