By Admin 
Stock market today: The 50 percent tariff imposed by US President Donald Trump can see an atmosphere of disappointment in the Indian market. The market opened with a decline on the second consecutive day and fifth and final trading day of the week. As soon as the market opened, the Sensex fell 300 points, while the Nifty fell to the level of 24,550. Bharti Airtel’s shares have recorded a major decline of 3 percent.
Broking firm Jiojit Investment Limited Chief Investment Strategist V.K. Vijay Kumar says that the possibility of nervousness in the market is negligible. However, weakness in the market may continue in future. He said that global uncertainty is quite high at this time, so investors should be cautious. They believe that capital goods, automobiles, telecom, hotels, cement, financial and banking sectors will remain strong.
Market closed with an edge a day earlier
A day earlier, on Thursday, the Indian stock market closed with an increase despite the announcement of imposing 25 percent of an additional tariff on exports from India on Thursday. The BSE Sensex, which is based on 30 shares, jumped about 926 points from the lowest level of the day to close at 80,623.26 points with a gain of 79.27 points, or 0.10 per cent, at the end.
At the same time, NSE Nifty, which is based on 50 major shares, closed at 24,596.15 points with a gain of 21.95 points, or 0.09 percent. It is worth noting that in addition to 25 percent tariffs on products imported from India, the US has also announced to impose 25 percent additional duty on the import of crude oil from Russia. That is, overall India has been imposed a 50 percent fee burden.
Global market condition:
Mixed trend was seen in Asian markets. Japan’s Nikkei 225 index rose up 1.18 percent, while the broader topics index jumped 1.42 percent to the record level to 30,371.78. With this, Australia’s S&P/ASX 200 index rose 0.29 percent, South Korea’s Kospi closed with a slight gain of 0.13 percent, while Hong Kong’s Hangseng fell 0.59 percent.
At the same time, there was a mixed trend of business on Wall Street in the US market on Thursday. Dow Jones Industrial Average closed down 0.50 percent, while the broader S&P 500 index closed down by about 0.10 percent.
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Also read: After 50 percent tariff from America, Indian oil companies set a break on purchasing from Russia