Trump's Tariff Threat Shakes Global Markets
Indian stock markets opened lower on Monday, mirroring weakness across Asian peers after US President Donald Trump's warning about imposing "stricter" tariffs on China.
The renewed tariff concerns led to broad-based selling across global equity markets, including India. The Sensex opened at 82,278, down 223 points or 0.27 per cent, while the Nifty began trading at 25,180, slipping 105 points or 0.42 per cent.
- Sensex: 82,278, down 223 points or 0.27 per cent
- Nifty: 25,180, slipping 105 points or 0.42 per cent
By 1 pm, the selling pressure deepened, with the Sensex trading 315 points lower at 82,182.83, and the Nifty down 102.80 points at 25,182.55.
All major sectors were in the red, with the Nifty IT index dropping 1 per cent, followed closely by the Nifty FMCG index, which lost 0.99 per cent.
US President Donald Trump issued a warning about imposing "stricter" tariffs on China.
Author's summary: Trump's tariff threat affects India's stock market.