The US stock market opened under pressure on Friday, as tariffs under the leadership of US President Donald Trump were weighed on the weakened income investor Bhavna from the IT sector.
The benchmark Nifty 50 index opened at 25,255.50, below 99.75 points or 0.39 percent, while the BSE Sensx fell by 369.52 points or 0.44 percent, which opened at 82,820.76.
Experts, especially from the IT region, blamed the weak opening for renewed tariff concerns and corporate income deficiency.
Ajay Bagga, a banking and market expert, told ANI, “Tariff Tantrums are the back center stage. So far the market trump has become flexible for the latest round of tariff letters. Brazil’s currency and Brazil fell with the expected tariff of Brazil in the markets.
He further said, “Trump also said in an interview with NBC that 15 percent to 20 percent ‘blanket tariff’ will be imposed on all countries that have not received tariff letters till now. India and European Union have been standing outside as two big partners of the Union Union, who have not received any deal so far, Trump has mentioned them on almost daily basis.”
India’s recent weak performance of India has reduced Bhavna further.
Bagga said, “The weak performance of the IT sector will subdue the region as the results and guidance provided so far have reduced.”
In the absence of any fresh trigger, markets that are already looking for more clarity with high regional tariffs along with a price of 10 percent for India in Aadhaar tariff.
Between the broad market indices on NSE, all sections were opened in red. Nifty 100 declined by 0.24 percent, 0.10 percent in Nifty Midcap 100, and Nifty Smallcap 0.23 percent.
On the sectoral front, all major indices except Nifty FMCG, Nifty Pharma and Nifty PSU Bank opened up with damage. The Nifty was the worst artist, falling 1.67 percent, followed by the Nifty media declined by 1.43 percent. The Nifty Auto also slipped 0.33 percent.
Akshay Chinchkar, head of the research of Axis Securities, said, “The Nifty ended as a tariff -led uncertainty yesterday. The short -term barrier.”
In today’s corporate earning calendar, Avenue Supermarts, Alecon Engineering Company, Central India Agro Products, Aditya Birla Money, Amal, Nath Bio-Zens, Emerald Finance, Dronechera aerial innovation, superhouse, Estonia Labs, Pionam Cements and Mineral Finance, Jegasanapal Finance and Lazantens, Jegasanapal Finance and Lezing, Finances, zegsanapal finances and lezing are included. financial result.
Meanwhile, in broad Asian markets, the spirit was largely positive with the exception of Japan’s Nikkei 225, which was 0.13 percent lower.
Hong Kong’s Hang Seng Index rose 1.28 percent, Taiwan’s weighted index rose 0.08 percent, Singapore’s Straits Times increased by 0.54 percent, and at the time of filing this report, South Korea’s Koppy increased by 0.06 percent. (AI)