Gift Nifty Crash: Trump's 25% tariff war on India... There will be chaos in the stock market today!
Gift Nifty has indicated a negative start. Gift Nifty was trading at 24,675 on NSE IX with a decline of 179 points or 0.73 percent, which shows that the market will start on a decline on Thursday
Trump's 25% tariff war on India
On Wednesday evening, US President Trump made a big announcement and announced a 25 percent tariff on India, after which the US market also declined. Also, a big decline was seen in Gift Nifty. Its effect can be seen as soon as the market opens today. It is feared that Nifty may open with a gap up of more than 150 points. Apart from this, a big decline will also be seen in Sensex.
Given the possibility of volatility, analysts are advising to adopt a cautious stance and safe investments. Gift Nifty has indicated a negative start. On NSE IX, the Nifty was trading 179 points or 0.73 per cent lower at 24,675, indicating that the market will start on a negative note on Thursday.
Also Read: Trump hits Brazil with 50% tariff bomb… These sectors got exemptions
Which sectors will be most affected?
>Trump's tariff will have the biggest impact on India's textile sectors, including shares of Gokaldas Exports Ltd, Welspun Living Ltd.
>India exports automobiles and auto parts to the US in large quantities. In such a situation, shares related to these sectors may be affected.
>Agri products and seafood sectors will also be affected, because India supplies these products to the US.
>Its effect can also be seen on the pharma sector. Due to which the shares of companies like Sun Pharmaceutical, Dr. Reddy's Laboratories can fall.
>Apart from this, the effect of Trump's tariff can be seen on gems and jewellery, electronics and machinery sectors.
Also Read: Trump Tariff On India: U.S. sanctions hit Indian companies over Iran oil trade
How is the condition of the American market?
After the announcement of Trump tariff, a big decline was seen in the American market. The US stock market closed much below its initial high. One reason for this was that Federal Reserve Chairman Jerome Powell reduced the expectations of interest rate cut by the central bank in the September meeting. The Dow was down 0.38%, while the S&P500 closed 0.12% down.
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