Stock market falls after US President Trump announces new tariffs
Stock market fell on Monday amid losses in global markets as the US President Donald Trump announced new tariffs on key trading partners, including Canada, Mexico, and China.
Stock market fell on Monday amid losses in global markets as the US President Donald Trump announced new tariffs on key trading partners, including Canada, Mexico, and China.
Stock market closed higher on Friday, a day before the announcement of Budget, for the fourth consecutive session.
At close, Sensex was up 654 points or 0.9 per cent at 76,555 and Nifty was up 206 points or 0.9 per cent at 23,163.
The stock market on Tuesday snapped two-day losing streak and gained 0.5 per cent supported by auto, realty and financials after the RBI announced liquidity-boosting measures.
At close, Sensex was down 824 points or 1 per cent at 75,366, and the Nifty was down 275 points or 1.2 per cent at 22,817.
Sensex hit record high and crossed the 73,700-mark. At close, the Sensex was up 1,245.05 points, or 1.72%, at 73,745.35, and the Nifty was up 356.00 points, or 1.62%, at 22,338.80.
The index closed at 22,213, down 5 points or 0.02 per cent while the BSE Sensex ended at 73,143, down 15 points or 0.02 per cent .
The latest upward trajectory is bolstered by gains in the banking sector, with private banks witnessing a rebound from a recent sharp correction.
Over the past eightsessions, Nifty has retraced only 61 per cent of preceding seven sessions, highlighting a robust price structure.
Nifty slumped to 21,530.20 but rebounded to end the day 97 points, or 0.44%, higher at 21,840.
