By Admin 
Stock Market News: The American tariff is seeing a big impact on the Indian stock market. In the last two business days, investors have suffered a huge loss of Rs 9.69 lakh crore. In these two days, the Sensex has lost about 1,555 points. 25 percent additional fee imposed on India by the US came into effect from Wednesday. Overall, the US fee on India has increased to 50 percent.
Also, the frequent capital withdrawal of foreign funds affected the notion of investors. BSE Sensex based on thirty stocks fell 705.97 points, or 0.87 percent to close at 80,080.57 on Thursday. Earlier on Tuesday, there was a big decline in the Sensex. In two days, the standard index is 1,555.34 points i.e. 1.90 percent. In these two sessions of decline, the total market capitalization of companies listed on BSE fell by Rs 9,69,740.79 crore to Rs 4,45,17,22.66 crore ($ 5.08 million).
Domestic market under tariff pressure
On Thursday, the next day after the additional 25 percent duty on import of Indian goods in the US came to see a strong decline in the local stock markets. The Sensex fell 706 points while the Nifty fell by 211 points.
Market experts say that in addition to American tariff growth, the frequent withdrawal of foreign capital also affected the notion of investors. The additional 25 percent fee imposed on India by US President Donald Trump came into effect on Wednesday. With this, the total fee in America on Indian goods increased to 50 percent.
What is the opinion of market experts?
The BSE’s 30 -share standard index Sensex fell 705.97 points, or 0.87 percent to close at 80,080.57 points. At one time during trading, it fell 773.52 points to 80,013.02. The NSE’s 50 -share standard index Nifty fell 211.15 points, or 0.85 percent, to close at 24,500.90 points.
HCL Tech, Infosys, Power Grid, Tata Consultancy Services, HDFC Bank, Hindustan Unilever, Bharti Airtel and ICICI Bank were prominently damaged among the companies included in the Group of Sensex. However, the shares of Titan, Larsen and Toubro, Maruti and Axis Bank closed with an increase.
Vinod Nair, the research head of Jiojit Investments Limited, said, “The domestic stock market shut down with a decline amid disappointment after the implementation of the duty on Indian goods. The cotton import duty exemption extended the expectations of policy support for some time to combat the duty effects but investors’ mood remained delicate.”
The government has increased the duty-free import of cotton to three months to 31 December to help the textile exporters facing 50 percent duty. Lemon Markets Desk analyst Gaurav Garg said, “The Indian stock markets saw a major decline in the second consecutive session. The standard index fell under the pressure of all -round selling. The main reason was the possibility of impact on Indian exports due to American charges. Apart from this, the market remained under pressure due to the withdrawal of foreign capital.”
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