Sensex Drops 548 Points On Tariff Worries; Nifty Dips Below 23,400

RTTNews | Před 108 dny
Sensex Drops 548 Points On Tariff Worries; Nifty Dips Below 23,400

(RTTNews) - Indian shares fell notably on Monday and the rupee hit a record low of 87.95 per U.S. dollar as investors watched the latest developments on the tariff front.

U.S. President Donald Trump has announced new 25 percent tariffs on all steel and aluminum imports, raising fears of a brewing global trade war and its potential impact on the global economy.

As China's retaliatory tariffs on U.S. goods take effect today, Trump also stated that he would announce reciprocal tariffs on Tuesday or Wednesday that mirror the tariffs those countries charge on American exports.

"If they are charging us 130 percent and we're charging them nothing, it's not going to stay that way," he told reporters.

The benchmark S&P/BSE Sensex ended the session down 548.39 points, or 0.70 percent, at 77,311.80, after having fallen to a low of 77,106 earlier.

The broader NSE Nifty index hit an intraday low of 23,316.30 before closing down 178.35 points, or 0.76 percent, at 23,381.60.

ONGC, Titan Company, Tata Steel, Power Grid Corp and Trent fell 2-4 percent while Kotak Mahindra Bank surged 1.7 percent. Britannia Industries and Bharati Airtel both rose around 1 percent.

Mahindra & Mahindra lost 2.1 percent and Ola Electric Mobility tumbled 3.5 percent despite Goldman Sachs raising its target prices on these stocks post their Q3 results.

read more
CAC 40 Moderately Higher Amid Easing Trade Tensions

CAC 40 Moderately Higher Amid Easing Trade Tensions

Amid easing trade war concerns following a U.S. court ruling against the sweeping tariffs announced by President Donald Trump, French stocks are moving higher on Thursday, recovering well after previous session's weakness.
RTTNews | Před 1 h 15 min
DAX Modestly Higher As Trade Tensions Ease After U.S. Court Ruling

DAX Modestly Higher As Trade Tensions Ease After U.S. Court Ruling

German stocks are up in positive territory on Thursday amid easing trade tensions following a U.S. Federal Court ruling that President Donald Trump had overstepped his authority by imposing across-the-board duties on imports from U.S. trade partners.
RTTNews | Před 1 h 33 min
Sensex, Nifty End Lackluster Session Modestly Higher

Sensex, Nifty End Lackluster Session Modestly Higher

Indian shares ended higher on Thursday, recovering from losses earlier in the session due to concerns over liquidity drain amid a wave of block deals initiated by promoters or private equity funds in recent sessions.
RTTNews | Před 1 h 44 min
NVIDIA Stock Gains On Q1 Results; Sees $8 Bln China Impact

NVIDIA Stock Gains On Q1 Results; Sees $8 Bln China Impact

Shares of Nvidia Corp. gained around 5 percent in the extended trading on Wednesday and is currently up around 6 percent in the pre-market activity on the Nasdaq, after the artificial intelligence chipmaker reported significantly higher earnings in its first quarter, despite an expected $4.5 billion charge associated with H20 AI chip export barring to China. Revenues were 69 percent higher...
RTTNews | Před 2 h 16 min
Yen Falls As U.S. Court Blocks Trump's Tariffs

Yen Falls As U.S. Court Blocks Trump's Tariffs

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after a U.S. federal court blocked U.S. President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority.
RTTNews | Před 5 h 35 min