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Share Market AMID Trump Tariff: The Indian stock market has started rapidly amid 50 percent tariffs imposed on India by US President Donald Trump.
Share Market Amid Trump Tariff : On the fourth day of the week, the stock market started with green mark. The special thing is that the market has started today with a boom after the opposite situation by US President Donald Trump due to 50 percent tariff imposed on India. Meanwhile, the Sensex has jumped with 130 points, while the Nifty has also been opened at the level of 24,550.
Open market with an edge compared to the previous day
Let us know that the additional 50 percent tariff of 50 percent imposed on India by Trump has come into force from August 27. Since then, the stock market had declined, but now on the fourth day of business, the market started with green mark. In the past, IT and Textiles sector had recorded the biggest decline. But today the Sensex rose 130 points in the beginning. At the same time, the Nifty also opened at the level of 24,550 with Uchal.
Also read: IT companies are running in the market today, from Infosys to TCS caught pace
Positive signs available in the market
Before this, if you look at the sectoral index, then the most purchases were seen in IT, textiles and realty stocks. Along with this, there was also pressure on banking and metal stocks. At the same time, light purchases are being seen in FMCG and Pharma sectors, due to which the market is getting some support.
Loss of last days
Recently, on August 27, due to the implementation of 50 percent tariff on India, about 9.69 lakh crore rupees of investors drowned in the last two business days. In these two days, the Sensex broke around 1,555 points. Let us know that due to buying oil from Russia and trying to stop the Ukraine war, Trump has imposed 25 percent additional tariffs on India as a penalty.
Yesterday these shares were reduced
Amidst the market’s poor start, the stocks that had the biggest decline were 2.30% in HCL Tech stock, 1.40 percent in Sunforma shares, 1.50% in powergrid stocks, 1.30% in TCS shares and 1.25% in HDFC bank shares.
ALSO READ: Share Market News: Trump’s tariff begins to appear, the stock market has been exposed; Heavy losses to investors
