Stock Market: Major Decline in Indian Markets Following Trump’s New Announcement; Investors on Edge
Indian Stock Market Plunges After Trump's Tariff Announcement : The direct impact of the new tariffs (import duties) imposed by U.S. President Donald Trump on India is evident on the Indian stock market. In today's session, the Mumbai Stock Exchange recorded a drop of over 300 points, and a significant decrease in investors' wealth is observed.
This morning, as trading began, the Sensex fell by 423 points, or about 0.35 percent, and is trading at the level of 80,120. At the same time, the Nifty index also fell by 110 points, or 0.45 percent, with Nifty starting at 24,464 points. Trump has recently warned of imposing an additional 25 percent import duty on products imported from India. The implementation of the previously imposed 25 percent duty is starting today. This could increase the pressure on Indian exporting companies, it is estimated.
Status of major shares:
At the start of trading, shares of many major companies fell. Some major shares that declined:
Tata Motors: 1.49%
Ceat: 1.21%
Tata Steel: 0.82%
Adani Ports: 0.97%
Eternal: 0.84%
SBI: 0.82%
Reliance Industries: 0.57%
Mahindra & Mahindra: 0.61%
Minor declines were also recorded in TCS, Infosys, Tech Mahindra, and ICICI Bank.
Slightly increased shares:
However, shares of some companies performed positively even in this negative environment.
Bajaj Holdings: 4.39%
Pidilite: 2.00%
Hero MotoCorp: 1.00%
ITC and Nestle India: slight increase
HDFC Bank: mild increase
There is a fear that America's new trade policies may impact India's export market. This was clearly evident in today's market. Due to Trump's new tariff announcement, there is a possibility of continued instability in the market in the coming days. Analysts are advising investors to exercise caution.