Mumbai: The Indian Stock Market Has Witnessed a Sharp Decline After US
President Donald Trump announced to impose a 50% tariff (additional tax) on Indian products, due to which investors have lost billions of rupees.
According to international media reports, the Mumbai Stock Exchange witnessed a sharp decline on the last day of the trading week due to the US tariff and low earnings of Indian companies.
During trading, the Nifty 50 index fell by 0.6% and reached 24,484 points, while the Sensex also fell by 0.6% to reach 84,140 points.
Moreover, 15 out of 16 sectors of the Mumbai Stock Exchange continued to decline, with a decline of 0.4 to 0.7%.
Yesterday too, the Nifty IT index recorded a decline of 0.9% and the Pharma index recorded a decline of 0.7%.
According to experts, due to the uncertainty created after the announcement of US tariffs, foreign investors withdrew about $50 billion from the Indian market on Thursday alone, putting severe pressure on the market.
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