Sensex Plunges 1,235 Points Amid Trump's Uncertain Tariff Plan; Nifty Nears 23,000

RTTNews | 196 दिनों पहले

(RTTNews) - Indian shares tumbled on Tuesday, with selling seen across the board following U.S. President Donald Trump's announcement of trade tariffs on neighboring countries shortly after taking office.

Concerns over weak corporate earnings and continued foreign fund outflows also dampened sentiment.

The dollar rebounded as global markets grappled with a mixed set of signals from Trump.

He delayed tariff plans on Chinese goods but threatened to impose tariffs on two of US' immediate neighbors - Canada and Mexico.

Trump also ordered his administration to address unfair trade practices globally. The benchmark S&P/BSE Sensex slumped 1,235.08 points, or 1.60 percent, to 75,838.36 amid spike in volatility.

The broader NSE Nifty index closed at 23,024.65, down 320.10 points, or 1.37 percent, from its previous close.

Second-line stocks also followed suit, with the mid-cap and small-cap indexes on the BSE closing down 1.9 percent and 2 percent, respectively.

The market breadth was negative on the BSE, with 2,774 shares declining, while 1,202 shares advanced and 112 shares ended unchanged.

Among the prominent decliners, Adani Enterprises, ICICI Bank, Adani Ports, NTPC and Trent plummeted 3-6 percent.

Dixon Technologies fell nearly 14 percent, Zomato dropped over 10 percent and Newgen Software tumbled 16.6 percent after announcing their quarterly results.

One97 Communications lost 5.6 percent after Q3 contribution margin missed analyst estimates amid higher DLG (default loan guarantee) cost.

HDFC Bank ended little changed ahead of its earnings due Wednesday.

Sensex, Nifty Open Lower After Trump's Fresh Tariff Threat

Indian shares opened on a sluggish note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

RTTNews | 51 मिनटों पहले

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market trading on Tuesday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,750 level, with gains across all sectors led by mining, energy and technology stocks.

RTTNews | 1घंटे 56 मिनट पहले

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, amid optimism the weak monthly US jobs data will lead the US Fed to lower interest rates next month. Traders also picked up stocks at a bargain following the recent downturn in the markets. Asian markets closed mixed on Monday.

RTTNews | 2घंटे 22 मिनट पहले

Sensex, Nifty Set To Open Lower As Trump Again Threatens India With Harsh Tariffs

Indian shares may open on a weak note Tuesday after U.S. President Donald Trump threatened to "substantially" raise tariffs on goods imported from India, accusing that the country profited from Russia's war in Ukraine by purchasing large quantities of Russian oil and reselling it on the global market.

RTTNews | 2घंटे 54 मिनट पहले

Additional Support Anticipated For Thai Stock Market

The Thai stock market on Monday ended the two-day slide in which it had fallen more than 25 points or 2 percent. The Stock Exchange of Thailand now sits just above the 1,230-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 3घंटे 26 मिनट पहले

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight, with the Nikkei 225 moving well above the 40,400 level, with small gains across most sectors led by exporters, automakers and financial stocks.

RTTNews | 3घंटे 49 मिनट पहले

Rebound Called For Indonesia Stock Market

The Indonesia stock market headed south again on Monday, one session after snapping the two-day slide in which it had dropped almost 140 points or 1.9 percent. The Jakarta Composite Index now sits just shy of the 7,465-point plateau although it's likely to see renewed support on Tuesday.

RTTNews | 3घंटे 56 मिनट पहले

Australian Market Significantly Higher

The Australian stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,700 level, with gains across all sectors led by mining and technology stocks.

RTTNews | 4घंटे 10 मिनट पहले

EURUSD	1.15542	GBPUSD	1.32777	AUDUSD	0.64607
USDJPY	147.086	USDCAD	1.37887	USDCHF	0.80957

Advertisement

Sensex Plunges 1,235 Points Amid Trump's Uncertain Tariff Plan; Nifty Nears 23,000