Mumbai
Donald Trump (Donald Trump) increased the 25 per cent tariff on India to 50 per cent on Wednesday. No major impact of this was seen in the stock market on Thursday. However, both the Sensex-Nifty index fell on the red mark with a decline. The 30 -share Sensex index of Bombay Stock Exchange broke more than 250 points as soon as it opens and then suddenly appeared in recovery mode, the Nifty also started trading with a slight decline. However, the fear of Trump’s tariff was not only visible on the Indian currency rupee, but it was opened faster against the dollar. Rupee, a gain of 3 paise to 87.69 compared to the US dollar, opened at 87.69.
Irrespective market due to fear of trump tariff
After Trump’s tariff on India, the stock market started with lethargy. The Sensex opened at 80,262 as compared to its previous closed 80,543.99, but then appeared in fast recovery mode and in a few minutes the tariff of Trump began to trade at 80,421, bypassing the tariff fear. The Nifty’s move was also similar to the Sensex and it also opened up to 24,464 with a very slight decline compared to its previous shutdown of 24574 and then suddenly reached 24,542. Seeing its move, it does not seem that Trump Tariff has any fear in the market.
1433 shares opened in fall
On the introduction of trading in the stock market, shares of 751 companies started trading on the red mark, while the stocks of 1433 companies started trading on the red mark with a decline. Apart from this, no change was seen in the status of 150 shares. The shares which fell sharply in early trade included Kotak Mahindra Bank, Tata Steel, SBI, Coal India and Jio Financial. Apart from this, the stocks which were seen bouncing despite the tariff of Trump, included Hero Motocorp, Cipla, Bajaj Finserv, Maruti Suzuki, JSW Steel.
Experts were also guessing limited effects
According to the estimates of experts in the stock market, 50% tariff is being seen to be a minor impact. Let us know that it was estimated that the market has now fully understood the impact of the fluctuations in the trump tariff and this decline in the market will be limited, a big reason behind this is that the Indian markets have faced a worse situation and the index is already in oversold position.
Stormy boom in these 10 stocks
If you look at the move of shares in the market, shares like ITC, Titan, Trent involved in ineffective largecap companies due to fear of tariff were trading in the green zone. Apart from this, Lupin Share (4.50%) included in the midcap category, Tort Power Share (2%) and Coforge Share (1.95%) were trading with an increase. In smallcap companies, Rain Share (10.25%), ITI LTD Share (6.65%), Kirlosker Brothers Share (5.75%), Data Matics Share (5.52%) were traded with a jump.
