Ever since the Trump Tariff has been implemented. Since then, there has been an atmosphere of tremendous instability in the stock market. In recent times, the stock markets have seen huge ups and downs due to the announcement of the US administration fee plan and the increasing concerns of the trade war between China and the US. Due to which, since the beginning of the month, investors have lost Rs 11.30 lakh crore. Let us also tell you how much damage has been done after the tariff announcement of Trump in the stock market.
Fat loss to stock market investors
The BSE Sensex has fallen by 1,460.18 points or 1.90 percent since April 2. Due to uncertainty, the market capitalization (market cap) of BSE listed companies has come down by Rs 11,30,627.09 crore to Rs 4,01,67,468.51 crore during this period. However, after postponing its decision of additional import duty from the US for 90 days, the market had a rise of about two percent on Friday. During this time, the market also remained closed on the occasion of Mahavir Jayanti on 10 April and Ambedkar Jayanti on 14 April.
Lemon Markets Desk analyst Satish Chandra Aluri said that there was a ups and downs in the markets at the beginning of the new financial year after the US announced a widespread counter-duty. The global markets saw a huge decline and India was also not untouched by selling, but it is still performing relatively better.
3 months Tala Tariff
On April 2, the US announced a 26 percent additional fee on Indian products entering the US. However, on April 9, it was postponed for 90 days till July 9. However, the basic fee of 10 percent is still applicable. However, China was not given any relief. The US has imposed 145 percent duty on imported goods from China. At the same time, China retaliated, increasing its extra fee on American goods to 125 percent.