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Since the announcement of Trump’s tariff, there has been a furore in the stock market around the world. The Sensex went down to about 3300 points as soon as the market opened on Monday morning amidst the possibility of Black Mande from the experts. That is, there has been a decline of about 4.70 percent. While the Nifty has broken about 1000 points. The market cap of listed companies on BSE declined by Rs 19.39 lakh crore. That is, the assets of investors were reduced by Rs 19.39 lakh crore as soon as the market opened.
The BSE Sensex is 3379.19 points, or 4.48 percent, falling 72623 at 72623 and the Nifty is at 21848.40 with a decline of 72623 and the Nifty 5056.05 points i.e. 4.61 percent. On the other hand, the Asian stock markets also saw an earthquake due to tariffs, where the markets of Hong Kong were broken by 10 percent, while the markets from China to Japan saw a decline of 6 percent. There is also a drastic decline in the US, where S&P and Nasdaq shares saw a 3 percent decline, while the Dow Futures 900 points came down. Whereas, in Nikkei, Japan, there was a decline of 225 points as soon as the market opened.
Whereas, Australia’s S&P 200 declined by 6.5 percent at seven 7184.70, South Korea’s Koppy fell by 5.5 percent to 2328.52. Earlier, the market closed on Friday in the US Nasdaq at a decline of nearly 7 per cent. However, experts believe that this decline is nothing, if the situation does not recover, then the condition of the American market can be like this in 1987.
However, American TV personality and market expert Jim Kreer has expressed the scary fearing about the stock market. He said that like Monday, April 7, 1987, the worst day can prove to be the worst day for the stock market! In his show Mad Money on CNBC, Kramer gave a clear warning that if US President Donald Trump did not contact countries who have not put up counter tariffs, it could be like a 1987 crasher.
