On 2 April, US President Donald Trump imposed reciperook tariff on all the countries of the world. After which there was chaos in the stock markets of the world. Asia, Europe, Australia, India, China, even the US stock markets reached the lower level of 52 weeks. Investors of all the markets of the world suffered a big loss. Sensex, Nifty, Nasdaq, Dav Jones, Hengseng, Nekkai, Shanghai, Kospi, London were seen licking the land.
The day came after that, when Trump said that he is taking back the reciperocatal tariff from all countries except China for 90 days. After the announcement on Thursday, the stock market which was seen to be a stormy boom on Friday, continued in the foreign markets on Monday and the Indian stock market opened after three days of appointment. The special thing is that India’s stock market has not only completed the loss after 2 tariffs in just two days, but has become the first such stock market in the world, which managed to compensate for its loss.
The stock market has seen more than 4 percent increase in the last two days and investors have earned more than Rs 17 lakh crore. Whereas from April 2 to April 10, investors had lost more than 19 lakh crore rupees. Let us also tell you in detail how much the stock market has suffered from April 2 and now that the stock market has seen how much a boom has been seen since the withdrawal of the reciperook tariff.
Stock market condition from 2 to 10 April
On April 2, Trump hit the reciperook tariff in all the countries of the world. The Bombay Stock Exchange’s major index Sensex was at 76,617.44 points then. Which reached 73,847.15 points on reaching the stock market on 9 April (April 10). This means that during this time the Sensex had seen a decline of 2,770.29 points i.e. 3.62 percent. On the other hand, the main index Nifty of the National Stock Exchange also saw a big decline. On April 2, the Nifty closed at 23,332.35 points. On 9 April, the Nifty came to 22,399.15 points. This means that during this time, the Nifty had seen a decline of 933.2 points i.e. 4 percent.
Investors had so much loss
The loss of investors is judged by the market cap of BSE. On April 2, the market cap of BSE was Rs 4,12,98,095.60 crore, which came down to Rs 3,93,82,333.22 crore on 9 April. This means that during this time, the market cap of BSE declined by Rs 19,15,762.38 crore. This is also the loss of investors. In a few days, Trump’s tariff has damaged investors more than Rs 19 lakh crore.
Fast for two days
The stock market was closed on April 10, on the same day US President Donald Trump withdrew Tariff for 90 days in view of the problem of investors. Except China only. After that, India’s stock market is seeing a steady rise. The next day, the Sensex saw a rise of 2 percent. Both open Sensex and Nifty have closed up more than 2 per cent after three days of closing the stock market on Monday. If we talk with data, the Sensex has seen 2,887.74 points i.e. 3.91 percent in two days. If we talk about Nifty, then in two days, 4.15 percent i.e. 929.4 points have been seen. The special thing is that in two days, investors have got a recovery of Rs 18,41,279.25 crore.