Share Market: Market earthquake after Trump’s tariffs on China-Canada-Mexico; Sensex fell, Nifty also fell
New Delhi| An earthquake was seen in the Indian market on Monday after America imposed tariffs on China, Canada and Mexico. The domestic stock market saw a huge decline in the month of February and the first trading day of the trading week. Sensex fell 731.91 points to 76,774.05 points in early trade. Similarly, Nifty fell by 243 points to reach 23,239.15 points. Also the rupee fell 54 paise to an all-time low of $87.16 against the US dollar in early trade.
Weakness in Asian markets amid concerns over US decisions
Equity benchmark indices Sensex and Nifty fell in early trade on Monday due to weakness in Asian markets amid concerns over US decisions. The 30-share BSE benchmark Sensex fell 731.91 points to 76,774.05 in early trade. NSE Nifty fell 243 points to 23,239.15 points. Foreign institutional investors (FIIs) sold shares worth Rs 1,327.09 crore on Saturday, according to exchange data.
Domestic markets were open on Saturday due to the presentation of the budget
Earlier, due to the presentation of the Union Budget, domestic markets were open on Saturday. The BSE benchmark had closed at 77,505.96 on Saturday with a slight gain of 5.39 points, or 0.01 per cent, in the heavily fluctuating day’s market. Nifty closed at 23,482.15 points, down 26.25 points or 0.11 per cent.
