Trump Tariff Impact: Trump’s threats will not affect Indian stock market, rupee will also strengthen
Trump Tariff Impact: On Wednesday, Donald Trump raised the 25 percent duty on India to 50 percent. This had no significant effect on the stock market on Thursday. Nonetheless, the Sensex and Nifty indices both began the day down. The Nifty also began trading with a small dip, while the Bombay Stock Exchange’s 30-share Sensex index dropped more than 250 points on opening day before abruptly beginning to show signs of recovery. However, the Indian rupee began higher against the dollar, demonstrating that the market was not the only entity affected by the threat of Trump’s tariff. The rupee gained 3 paise versus the US dollar and opened at 87.69.
Fear of the Trump tariff had little effect on the market
The stock market began sluggishly after Trump raised the tax on India. In contrast to its previous finish of 80,543.99, the Sensex opened at 80,262. However, it quickly recovered and, disregarding Trump’s concerns about tariffs, began trading at 80,421 within a few minutes. The Nifty reacted similarly to the Sensex, opening at 24,464 after a very little decrease from its previous finish of 24,574, before abruptly rising to 24,542. Based on its action, it seems that the market is not afraid of the Trump Tariff.
1433 stocks began the day down
The stocks of 1433 companies began trading in the red mark with a decline, while the shares of 751 companies began trading in the red mark with a decline when the stock market opened for trading. Other than this, the state of 150 shares remained unchanged. The equities of Kotak Mahindra Bank, Tata Steel, SBI, Coal India, and Jio Financial all saw significant declines in early trading. In addition, stocks of Hero MotoCorp, Cipla, Bajaj Finserv, Maruti Suzuki, and JSW Steel increased in spite of Trump’s tariff.
Additionally, experts were predicting a modest effect
Experts predict that the stock market is very little impacted by the 50% tariff. Since the Indian markets have seen much worse circumstances and the index is already in an oversold position, it was thought that the market had completely comprehended the effect of the Trump tariff swings and that the market loss would be limited.
These ten stocks had a strong increase
If we examine the market’s stock movement, we can see that shares of large-cap businesses like ITC, Titan, and Trent—which are not impacted by the fear of tariffs—were trading in the green zone. In addition, the midcap category’s Lupin Share (4.50%), Tornt Power Share (2%), and Coforge Share (1.95%) were also trading higher. Rain Share (10.25%), ITI Ltd Share (6.65%), Kirlosker Brothers Share (5.75%), and Data Matics Share (5.52%) were among the small-cap businesses that saw increases in trade.