Stock Market LIVE Updates: Sensex Opens 504 Points Lower, Nifty at 23,187 as US Imposes 26% Tariff on India 📉
- 🏛️ US Tariff Impact: Following President Trump’s announcement of a 26% tariff on imports from India, Indian markets opened weaker, with Sensex falling by 504 points (0.66%) to 76,113.16, and Nifty down 145 points (0.62%) to 23,187.35.
- ⏰ Midday Update: By 12 PM, Sensex was down 204.19 points (0.27%) at 76,413.25, and Nifty at 23,288.70, down 43.65 points (0.19%).
- 🌍 Global Spillover: Global markets were also hit, with Nasdaq futures tumbling 4%, wiping out $760 billion from top tech stocks, including a nearly 7% drop in Apple shares.
- 🌏 Asia-Pacific Market Dips: The Nikkei dropped 3.9%, hitting an eight-month low, with shippers, banks, insurers, and exporters suffering major losses.
- 📉 Bond & Gold Rush: Investors flocked to safe-haven assets like bonds and gold, driving benchmark 10-year Treasury yields to a five-month low at 4.04%.
As global trade dynamics shift, investors are on edge, with further market volatility expected.
