Sensex Nifty Today | Stock Market Highlights: The Indian stock market closed on a slightly lower note, recovering major losses from the day’s low. The Sensex closed 96 points or 0.13% at 72,990 while the Nifty fell 37 points, or 0.17%, to close at 22,083. On the broader market front, the NSE Midcap 100 finished the session 24 points or 0.05% lower at 48,007.85. Outperforming benchmark index, the Nifty Bank closed the day 131 points or 0.27% at 48,245.20.
The big factors that impacted markets today –
1. Asian Markets Slide: Asian stocks were under pressure on Tuesday, mirroring Wall Street’s sharp losses. Japan’s Nikkei 225 fell over 1%, South Korea’s Kospi slipped 0.41%, and Australia’s ASX 200 dropped 1.11%, as investors reacted to growing trade concerns.
2. China hits back: China hit back at the US with new tariffs on American agricultural and food products, set to take effect from March 10. In response to US trade measures, China will impose a 10% tariff on key imports like soybeans, sorghum, pork, beef, seafood, fruits, vegetables, and dairy products, while chicken, wheat, corn, and cotton will face a 15% duty, according to the Chinese finance ministry.
3. US Markets Plunge: Wall Street took a heavy hit on Monday after President Donald Trump announced new tariffs. The Dow Jones tumbled 649 points, the S&P 500 lost 104 points, and the Nasdaq saw a steep decline of 2.64%, closing at 18,350. The S&P 500 posted its biggest loss since December. With the selloff seen last evening, the S&P 500 is back in the red for 2025.
4. Trump’s Tariff Move: The US imposed a 25% tariff on imports from Canada and Mexico starting Tuesday, as Trump declared trade talks had failed. The decision heightens worries over supply chain disruptions and economic fallout from escalating trade tensions. There are also worries on how it might impact inflation in the United States as the tariffs are also expected to spike up domestic prices in the United States.
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The Nifty 50 closed the session 37 points or 0.17% at 22,082 while the Sensex dropped 96 points or 0.13% to end at 72,989.93.
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