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The impact of tariffs imposing tariffs on 180 countries around the world has now started to appear clearly. After the decline in markets around the world, now the Indian stock market also collapsed badly.
Mumbai: The impact of tariffs imposing tariffs on 180 countries around the world has now started to appear clearly. After the decline in markets around the world, now the Indian stock market also collapsed badly. Today i.e. on 7 April, both the major index opened on the red mark and closed on the red mark. As soon as the market opened, there was an outcry in the stock market. The Sensex fell by 3,939.68 points in early trade to 71,425.01 points, the Nifty slipped 1,160.8 points to 21,743.65 points.
When the stock market opened, it opened with a huge decline, but as the selling and purchases increased in the market, there was a little improvement in the market. This was the reason that when the stock market closed at 3:30 pm, then 2227 points fell at 73137.90 points, while the Nifty fell 742.85 points to close at 22161.60. When the market started on this whole matter, ‘Live Times’ discussed with many investors in detail from under the BSE.
Expert advice- Do not sell shares with panic, good term is going to be good
Asked how the market will run now and what is going to happen. On this, the investors who have been investing in the stock market for the last forty years. Everyone said that the shares are not going to be good in the long term. On this occasion, Bombay High Court lawyer Vijendra Jabra said in a special conversation with ‘Live Times’ that people should not be upset. India’s market is going to be good. While the stock market was shut down, stock market expert Chetan Damani told about the impact on the stock market in a special conversation with ‘Live Times’.
On the other hand, Trump’s tariff war has shook the financial markets and now has also increased the possibility of recession. At the same time, the global trade system has also been reversed. Treasury Secretary Scott Besant said that running wrong trade practices does not mean that you will sit together after a week and solve the matter.
He emphasized that America should see what other countries offer and whether it will be reliable. Meanwhile, Donald Trump posted a golf for tariff war, in which we will definitely win, be patient and it is not going to be so easy yet.
Also read: ‘Donald Trump adamant on tariffs amidst a huge decline in markets
- Abhishek Sharma’s report from Mumbai
