Stock Market News: The direct impact of 50% tariff on Indian goods by US President Donald Trump was seen on the stock market. On Thursday, selling pressure dominated the market and major indices recorded a huge decline. The BSE Sensex closed down 706 points. At the same time, NSE Nifty 50 also slipped to 24,500. The effect of tariff pressure was the most seen on IT, Healthcare, Realty and FMCG sector.
HCL Tech shares broken 3%. TCS declined by 2%. Other sector index also closed in red mark. Experts believe that American tariff is expected to affect Indian export and corporate income. This is the reason that investors sold in shares to avoid risk.
Also read: In front of any bullying and threat …, Maruti chairman’s big statement came on Trump’s tariff ‘Dadagiri’
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