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Today, on Tuesday, April 8, the stock market can also see a decline. A day earlier, American, European and Asian markets also saw a decline.
3 reasons for the market to open and open
- On April 8, the US Dow Jones fell 349 points (0.91%) to close at 37,965. The S&P 500 index declined by 0.23%. Nasdaq composite was up 0.09%.
- Asian markets have fallen 7.83%in Nikkei, Japan, 5.57%in Korea’s Kospi Index, China’s Shanghai index 7.34%. Hong Kong’s Hangseng index had fallen by 13.22%.
- Germany’s Dax Index in European markets fell 4.26% to close at 19,761. The UK’s FTSE 100 index closed 4.38% and Spain’s IBEX 35 index closed by 5.12%.
Yesterday the Sensex dropped 2226 points and the Nifty 742 points.
Earlier on April 7, the Indian stock market saw the second major decline of the year. The Sensex fell 2226 points (2.95%) to close at 73,137. The Nifty fell by 742 points (3.24%), it closed at 22,161 levels. Earlier on 4 June 2024 the market fell 5.74%.
Investors wealth reduced by Rs 15 lakh crore
Investors’ wealth has decreased by about Rs 15 lakh crore due to selling in the stock market. On Friday, April 4, the overall market cap of companies listed on BSE was Rs 404 lakh crore, which has been reduced to about Rs 389 lakh crore after the market was closed on Monday.
4 reasons for market fall
- Trump threatens to impose 50% additional tariffs on China: US President Donald Trump said in a social media post on Monday that if China does not withdraw 34% tariff on the US, then 50% additional tariff will be applicable from Wednesday.
- Trump’s reciperook tariff: The US has announced 26% tariffs on India. Apart from India, China will take 34%on European Union, 25%on South Korea, 24%on Japan, 46%on Vietnam and 32%on Taiwan.
- China retaliated 34% tariffs: China on Friday announced the imposition of 34% counter -tariff on the US. The new tariff will be applicable from April 10. On 3 April, US President Trump imposed a Tit tariff to the world like worldwide. It was imposed 34% of additional tariffs on China. Now China has put the same tariff on America.
- Concern of Economic Sloidown: People will make less purchases when the goods are expensive with tariffs, which can reduce the speed of the economy. Also, crude oil prices have also fallen due to low demand. This is a sign of weak economic activity. This has shown the trust of investors.
Reciperook tariff will be implemented from April 9
10% baseline (minimum) tariff has been imposed on all the items coming in the US. The baseline tariff came into effect from 5 April. At the same time, the reciperook tariff will be implemented after 12 pm on 9 April. Baseline tariffs are imposed on imports under the general rules of business, while reciperook tariff is imposed in response to the tariff of another country.
Indian market condition after the announcement of reciperook tariff
- On the last trading day of the previous week i.e. April 4, the Sensex closed at 75,364 with a decline of 930 points (1.22%). At the same time, the Nifty declined by 345 points (1.49%), it closed at 22,904.
- On April 3, the Sensex fell 322 points to close at 76,295 levels. At the same time, the Nifty also fell by 82 points, it closed at 23,250 levels. Trump announced the reciperook tariff on 2 April. Since then, markets around the world have been seeing a decline.
