Market frightened by US tariffs: Sensex opened 3900 while Nifty opened 1100 points lower; investors lost 20 lakh crore

New Delhi| The domestic stock market opened in the red on Monday after fears arising from Donald Trump’s retaliatory tariffs and the record fall of the US market. As soon as it opened, Sensex and Nifty crashed. This morning brought bad news for investors. During this period, investors suffered a loss of Rs 20.16 lakh crore. At present, Sensex is trading at 72,341.18, down by about 3023.51 points, or 4.01 per cent, and Nifty is trading at 21,920.50 points, down by 983.95 points, or 4.30 per cent.

Earlier, Sensex and Nifty were defeated in early trade on the first trading day of the week. Sensex opened 3,939.68 points down 5.22 per cent to 71,425.01 points, while Nifty fell 1,160.8 points down 5.06 per cent to 21,743.65 points. Similarly, the rupee fell by 30 paise to $85.74 against the US dollar in early trade.

All 30 Sensex shares are trading in the red. A huge fall is being seen in the shares of Tata Steel, Tata Motors and Infosys. Tech Mahindra, HCL Tech and L&T are also declining. Similarly, Nifty Metal fell the most in the sectoral index of NSE. A decline was also recorded in IT, Oil & Gas and Healthcare indices. Is. Auto, realty and media indexes are down more than 5%.

The market had also closed with a huge fall on 4 April
Earlier on Friday (April 4), the Indian stock index Sensex had fallen more than 900 points to below the 76,000 level amid growing fears of a global trade war. The 30-share BSE Sensex had fallen 930.67 points, or 1.22 per cent, to close at 75,364.69 points. It had fallen by 1,054.81 points, or 1.38 per cent, to a low of 75,240.55 points during trading. Similarly, NSE Nifty had closed down by 345.65 points or 1.49 percent at 22,904.45. The benchmark index with 50 shares had fallen 382.2 points, or 1.64 per cent, to close at 22,867.90 during trading.

Condition of Asian markets
In Asian markets, Japan’s Nikkei fell by six percent, South Korea’s Kospi index by 4.50 percent and China’s Shanghai index by 6.50 percent. Hong Kong’s Hang Seng was seen trading down 10 percent.

Earthquake in American market too
America is also not untouched by the outcry in the market. Selling in financial markets around the world had reached even more frightening levels on Friday. Dow was down 2,231 points, or 5.5%, after China announced retaliatory tariffs threatening a slowdown in the global economy. The comprehensive S&P 500 had declined by 5.97%. A 5.82% drop was also reported in the tech-dominated Nasdaq Composite. Similarly the Nasdaq composite had recorded a drop of 5.5%. This was the biggest decline in the US market after the Covid crisis.

What is the reason for the decline?
Market expert Sunil Shah said that at present there is a huge fall in Sensex. This was to be expected, as the U.S. market slumped and closed at a negative 2200 on Friday when China announced a retaliatory strike and imposed more than 30 tariffs on U.S. imports. So it was expected that when Asian markets and other markets open on Monday, they will open with a huge fall and that is what happened, because investors feel that no one will win in the event of a trade war and it will be inflationary for everyone. This will slow down global GDP growth.

Know Trump’s counter tariffs
In fact, on April 2, the U.S. announced a 26 percent counter tariff on India. Along with this, America announced to impose tariffs of 46 percent on Vietnam, 34 percent on China, 32 percent on Taiwan, 25 percent on South Korea, 24 percent on Japan and 20 percent on the European Union. Trump said that these countries impose very high tariffs on us, that is why we are imposing retaliatory tariffs on them. After this, apprehensions about inflation and recession started growing in many countries including India. America is also not untouched by this.