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The impact of America tariff is visible on the Indian markets on the second day as well. The Sensex slipped around 600 for the second consecutive day and the last day of the business week. While the Nifty has also declined by about 200 points. Similarly, the rupee declined against the US dollar in early trade. The rupee reached 84.99 against the US dollar. It also saw a huge decline in the Sensex and Nifty a day earlier.
Indian markets declined a day before a day
After the announcement of US President Donald Trump’s announcement of counter -duty on 60 countries, including India, information technology (IT) shares were sold in the market due to selling and a global weakened trend. The BSE Sensex based on thirty stocks closed at 76,295.36 points with 322.08 points, or 0.42 percent, at 76,295.36 points. At one time during the business, it was dropped to 809.89 points.
However, later it was successful in somewhat compensating for some extent of market losses in drug shares. The National Stock Exchange’s Nifty also fell at 23,250.10 points with a decline of 82.25 points, or 0.35 percent. The Nifty was once dropped to 186.55 points.
The US has announced to impose a counter -duty duty of 27 percent on India. The Trump administration believes that India charges high import duty on American goods, so it was now necessary to take this step to reduce the country’s trade deficit and promote manufacturing. President Donald Trump has announced a historic step to counter a historic step to combat high duty rates on US products globally.
Strong impact on Wall Street
On the other hand, the tariff is also showing a big impact on the American market. With this decision of Trump, the crisis of trade war and economic recession has now started looming and the worst impact on the American stock markets itself. Amidst concerns in the global finance market, this is the first time after Kovid-19 when this is the condition of the Amreki stock market.
While the S&P 500 index fell around 4.8%, which is such a big fall in a day after June 2020. Due to this decline, the market has suffered a loss of about $ 2.4 trillion i.e. 200 million crores. Apart from this, the Dow Jones Industrial Average and Nasdak Composite was also seen the same Girwat, which was seen in 2020 during the Korona epidemic. Dow Jones Industrial Average declined by 4% 1679 points and Nasdaq Composite by 6%.
After the tariff, the wall street was seen staggering amidst the possibility of weak economic speed and inflation. Until other currency against the US dollar with big tech companies and crude oil, all continued to decline. According to the Associated Press, however, the price of gold increased and investors found it best to invest in it.
However, it was definitely that global investors were fully aware of Trump’s announcement of reciperochl tariff. Therefore, it showed a clear impact on the health of the S&P 500 index and it recorded a record 10% decline.
