Stock Market Live Updates | Sensex & Nifty Fall as Global Worries Weigh on Sentiment
Indian stock markets opened lower on Tuesday, March 4, due to weak global cues. The Nifty is struggling to stay around 22,000, while the Sensex has dropped 300 points in early trade. Technology stocks are under significant pressure, with the Nifty IT Index falling over 1.5%.
Key Factors Impacting the Market Today:
1. Asian Markets Under Pressure:
Stock markets across Asia are struggling, following sharp losses on Wall Street.
- Japan’s Nikkei 225 fell over 1%
- South Korea’s Kospi dropped 0.41%
- Australia’s ASX 200 declined by 1.11%
Investors are worried about trade tensions and their impact on global growth.
2. China Retaliates Against US Tariffs:
China has announced it will fight back against new US tariffs set to take effect today. According to Reuters, the Chinese Commerce Ministry has criticized the US for trying to “shift the blame” and “bully” Beijing over fentanyl-related issues.
US President Donald Trump’s administration has imposed an extra 10% duty on Chinese imports, raising total tariffs to 20%. This move affects thousands of Chinese products and has escalated trade tensions.
3. US Markets Take a Big Hit:
Wall Street suffered heavy losses on Monday after Trump’s tariff announcement.
- Dow Jones dropped 649 points
- S&P 500 lost 104 points, marking its biggest loss since December
- Nasdaq plunged 2.64%, closing at 18,350
The S&P 500 is now back in the red for 2025, reflecting investor concerns over economic stability.
4. US Expands Tariffs to Canada & Mexico:
Starting today, the US will impose a 25% tariff on imports from Canada and Mexico, as trade talks failed.
- This raises fears of supply chain disruptions
- Inflation in the US could rise as domestic prices are expected to increase
The new tariffs add to growing concerns over how trade wars could impact businesses and consumers worldwide.
With global markets facing uncertainty, investors should brace for continued volatility.
