US Tariffs Send Shockwaves Through Indian Markets: Investors on Edge
Indian markets experienced a selling spree after US President Donald Trump imposed new tariffs on Indian goods. This move has increased the price of Indian exports by 50%, causing anxiety among investors. Indices like Nifty 50 and BSE Sensex opened lower, reflecting the tense market atmosphere due to unclear trade negotiations.
- Country:
- India
In a move that has shaken the Indian markets, US President Donald Trump has slapped an additional 25% tariff on Indian goods, making exports to the US costlier by 50%. This abrupt hike has stirred concerns among investors, sparking a pronounced sell-off across major indices.
The impact was immediate, with the benchmark Nifty 50 index opening at 24,464.20, a drop of 110.00 points or 0.45%. Similarly, the BSE Sensex registered a decline, opening at 80,262.98, down by 281.01 points or 0.35%. This decline underscores the market's tentative stance amid the US's unexpected tariff announcement.
Economic analysts highlight the uncertainty stemming from unresolved trade negotiations between India and the US as a key factor fueling investor caution. With market breadth showing stress, as reflected in broader indices and sectoral performances, traders remain vigilant. India's Ministry of External Affairs has termed the tariff move unjustified and vowed to protect its national interests.
(With inputs from agencies.)
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