Rudra Investment experts say that Nifty Tips Expert The rise in signals from the global market and trade-war tension led to the flat start of the domestic stock market on Tuesday. Trade war in the US and China has increased.
US President Donald Trump announced Monday that it will impose a 10 percent tariff on China. It impacts on the global market. The Sensex rose by 75 points to 37,660, while the Nifty started at 4,118 at the 11,382 level. After the initial weakness, the market has strengthened. The Sensex has climbed 100 points. FMCG, pharma, metal and realty stocks are bullish.
Trump launches a new tariff on China, US market falls
A trade war in the US and China has increased. US President Donald Trump announced Monday that it will impose a 10 percent tariff on China. The US will impose 10 percent duty on Chinese import of $ 200 billion By the end of the year, the US will increase the tariff from 10 percent to 25 percent.
Along with the $ 250 billion additional Chinese products, duty is also being considered. The US market closed on Monday amid fears of a trade war. Dao Jones closed 93 points down at 26,062 level. Nasdaq closed at the level of 7,896 with 114 points weakness. The S & P 500 index closed 0.56 percent down at the level of 2,889.
the Sensex closed down 536.58 points or 1.46% at 36305.02, while the Nifty was down 175.70 points or 1.58% at 10967.40.
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