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.
Market history tells us that sharp up moves in the market happen at unexpected times. It appears that this truism is turning out to be true
The BSE Sensex is down by more than 800 points to fall below the 64,000 points mark on Thursday.
Heavy selling in Sensex heavyweights with Infosys down 3 per cent, NTPC down 3 per cent, Bharti Airtel down 2 per cent.
All the sectoral indices ended in the green with the power index up 1%. FMCG, PSU Bank, metal, and oil & gas added 0.5% each.
The BSE Sensex crossed the 66,000 mark during trade on Tuesday with a gain of 559 points.
