People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 9, 2020
India’s benchmark Nifty 50 is poised to open sharply lower on Monday, as concerns over a global trade war and growing recession fears in the US sparked a stock market rout on Wall Street and in other Asian markets. The GIFT Nifty futures were trading at 22,089 as of 7:55 am IST, indicating that the blue-chip Nifty 50 will open about 3.6% lower than Friday’s close of 22,904.45.…Read More
Asian shares nosedived on Monday after the meltdown Friday on Wall Street over Donald Trump’s tariff hikes and the backlash from Beijing.
US futures also signaled further weakness. The future for the S&P 500 lost 2.5% while that for the Dow Jones Industrial Average shed 2.1%. The future for the Nasdaq lost 3.1%.
Donald Trump’s “reciprocal” tariffs came into effect on April 2, declaring a 10 per cent baseline tax on imports from all countries, as well as higher rates for many nations which run trade surpluses with the US.
Among them, there is now charge a 34 per cent tax on imports from China, a 20 per cent tax on imports from the European Union, 25 per cent on South Korea, 24 per cent on Japan and 32 per cent on Taiwan.
These new tariffs come on top of all the previously-imposed levies, which includes the 20 percent tax Trump had announced on all Chinese imports earlier this year.
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Apr 7, 2025 9:05 AM IST
Stock market plunges on pre-open, Sensex down over 3,200 points
The market plummeted deep into the red during the pre-open trading session today. The Sensex was down by a staggering 3239.94 points or 4.30 per cent, reaching 72,124.75. The Nifty meanwhile was down by 1,318.10 points or 5.75 per cent in the red, reaching 21,586.35.
Apr 7, 2025 9:02 AM IST
Asian stocks take a serious hit early on, falling as much as 10%
Japan’s Nikkei fell by 7.8 per cent to lows previously seen only in late 2023, while South Korea’s KOSPI Index lost 4.6 per cent. Meanwhile, Hong Kong’s Hang Seng index and the Taiwanese benchmark TAIEX sank by 10 per cent.
Apr 7, 2025 8:59 AM IST
US stocks slid by about 6% previously
US stocks slid during the previous close, with the tech-heavy Nasdaq Composite Index falling by 962.82 points or 5.82%, reaching 15,587.79.
Meanwhile, the Nasdaq US 500 Large Cap Index was down by 170.18 or 6.06%, reaching 2,638.28, and the Nasdaq-100 Index was down by 1,123.78 points or 6.07%, reaching 17,397.70.
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Apr 7, 2025 8:39 AM IST
How did the stock market close previously?
The market closed deep into the red after the previous trading session ended on Friday, April 4. The Sensex was down by a huge 930.67 points or 1.22 per cent, reaching 75,364.69. The Nifty meanwhile, closed 345.65 points down or 1.49 per cent in the red, reaching 22,904.45.
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