8
Market Decline AMID US TARIFF: The new tariff from the US administration will be applicable from August 7, the effect of which is visible on the stock market. However, these rates have been expected to soften.
Market Decline Amid US Tariff : US President Donald Trump has imposed tariffs on countries around the world including India, which will be applicable from August 7. However, the possibility of softening in the rates of its first tariffs has been expressed. But before this, its impact is visible on the stock market. The Sensex broke 175 points on the last trading day of the week amid the decline in the Asian market, while the Nifty is also trading below 24,750.
There may be talks between the two countries
However, the rates of new tariffs will be applicable on August 7 and before that they can talk with many countries including India about this tariff. This is likely to soften the rates of tariffs.
Decline in sense-nifty
Since the announcement of the tariff, the stock market was seen in early trade. If the Sensex is trading by falling 175 points, the Nifty is trading by falling down by 24,750 points. This decision is being seen as a strategy to pressurize New Delhi to accept America’s demands.
ALSO READ: Share Market Latest News: Then Red became the stock market, investor disappointed; The market is continuously deteriorating…
Market showed such a market on Thursday
At the same time, a day ago i.e. on Thursday, the Sensex fell 296 points to close at 81,185.58 points. At the same time, the Nifty 50 on the NSE also fell at 24,768.35 points, 86.70 points i.e. 0.35 percent.
India is purchasing
Let us tell you that this penalty has been imposed on India at a time when India has made huge purchases of oil and military equipment from Russia. India is the first country to suffer a fine for Russian imports. Along with 25 percent tariffs on India, the procurement of energy and defense from Russia is very bad news for Indian exports and this will also affect the development prospects of the Indian economy in a short term.
These shares gain
However, many stocks have gained momentum even in the era of decline. These include 3.75%of HUL shares, 2.85 percent in Eicher Motor shares, 1 percent in Nestle India shares and about 1 percent in Tata Consumer stocks. At the same time, the most Sun Forma’s stock is seen falling 4.68 percent, M&M 2.25 percent and Sipla 2.10 percent.
