Sensex and Nifty plummet amidst global turmoil triggered by President Trump’s tariffs, causing widespread panic across Asian and US markets. Explore the impact and expert insights in this comprehensive news article.
Sensex Down 2,500 Points, Nifty 1,000 As Trump Tariffs Cause Bloodbath
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The global financial landscape was shaken today as the Sensex and Nifty, India’s benchmark indices, experienced a significant downturn in response to escalating trade tensions initiated by US President Donald Trump. The Sensex plummeted by 3,939.68 points to 71,425.01, marking its lowest point in ten months, while the Nifty fell sharply by 1,160.8 points to 21,743.65 during early trading hours.
Impact of Trump’s Tariffs
President Trump’s recent imposition of tariffs has sent shockwaves through international markets, sparking a massive sell-off across Asia and foreshadowing substantial losses on US futures markets. The tariffs, aimed primarily at rectifying perceived trade imbalances, have been set as high as 50% for certain countries, with India facing a significant 26% rate alongside a 10% baseline duty applicable universally.
In defiance of the economic turmoil, President Trump defended his tariff policy, likening it to necessary medicine required to address long-standing trade disparities.
Global Market Reaction
Asian markets bore the initial brunt of the tariffs, with indices in China, Japan, Taiwan, and Hong Kong plunging by 4% to 10%. China, retaliating with its own tariffs, saw its stocks crash by over 4%, while Hong Kong’s Hang Seng index dropped by more than 10%. Japan’s Nikkei and Taiwan’s main index also experienced severe declines of 6.5% to nearly 10%, respectively.
The outlook for Wall Street remains bleak, with futures contracts indicating substantial losses anticipated at the opening of the New York Stock Exchange on Monday.
Expert Insights
Financial analysts have expressed deep concerns over the implications of Trump’s tariffs on global economic stability. Ajay Bagga, a prominent market expert, emphasized the urgent need for India to implement fiscal and monetary reforms to shield its economy from the escalating global trade tensions.
Sunil Gurjar, a registered research analyst with SEBI, highlighted technical indicators suggesting further potential declines in Nifty50, emphasizing the importance of monitoring support levels amidst the ongoing market turbulence.
As global markets reel from the impact of escalating trade tensions, the future remains uncertain. The immediate fallout on India’s markets underscores the interconnectedness of the global economy and the profound implications of unilateral trade policies. Market participants await developments with cautious optimism, aware of the potential for continued volatility as geopolitical tensions unfold.
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Last Updated on: Monday, April 7, 2025 12:19 pm by Rahul Choursia | Published by: Rahul Choursia on April 7, 2025 12:14 pm | News Categories: News
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Rahul Choursia is a versatile content writer and news journalist, specializing in current news, viral trends, technology, entertainment, and automobiles. With a passion for staying ahead of the curve, Rahul covers a wide array of topics, from breaking news and viral stories to the latest tech innovations and entertainment buzz. His writing style blends in-depth analysis with a fresh perspective, making complex subjects easy to understand and engaging for a broad audience. Rahul’s keen interest in the fast-paced world of tech and entertainment, combined with his knowledge of the automobile industry, allows him to deliver timely and captivating content that keeps readers informed and entertained.
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