Indian benchmark indices Sensex and Nifty opened lower on Friday, weighed down by IT stocks amid weak global cues, after U.S. President Donald Trump's sweeping tariff announcements fueled fears of a global recession.
The BSE Sensex fell 562 points, or 0.74%, to 75,733, while the Nifty50 declined 188 points, or 0.81%, to 23,062 around 9:24 AM.
Meanwhile, overnight, Wall Street posted its biggest single-day percentage loss since 2020, erasing $2.4 trillion in market value as investors grew anxious about a potential global trade war and recession.
The U.S. imposed baseline tariffs of 10% on all imports, along with higher reciprocal tariffs on countries with a trade surplus. India faced a 27% retaliatory levy, lower than China’s 34%, Vietnam’s 46%, and Bangladesh’s 37%.
More to come...
The BSE Sensex fell 562 points, or 0.74%, to 75,733, while the Nifty50 declined 188 points, or 0.81%, to 23,062 around 9:24 AM.
Meanwhile, overnight, Wall Street posted its biggest single-day percentage loss since 2020, erasing $2.4 trillion in market value as investors grew anxious about a potential global trade war and recession.
The U.S. imposed baseline tariffs of 10% on all imports, along with higher reciprocal tariffs on countries with a trade surplus. India faced a 27% retaliatory levy, lower than China’s 34%, Vietnam’s 46%, and Bangladesh’s 37%.
More to come...
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