Donald Trump’s “reciprocal” tariffs came into effect on April 2, with a 10 per cent baseline tax declared on imports from all countries, as well as higher rates for many nations which run trade surpluses with the US.
US futures also signaled further weakness. The future for the S&P 500 lost 2.5% while that for the Dow Jones Industrial Average shed 2.1%. The future for the Nasdaq lost 3.1%.
Donald Trump’s “reciprocal” tariffs came into effect on April 2, with a 10 per cent baseline tax declared on imports from all countries, as well as higher rates for many nations which run trade surpluses with the US.
Among them, there is now charge a 34 per cent tax on imports from China, a 20 per cent tax on imports from the European Union, 25 per cent on South Korea, 24 per cent on Japan and 32 per cent on Taiwan.
These new tariffs come on top of all the previously-imposed levies, which includes the 20 percent tax Trump had announced on all Chinese imports earlier this year.
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Apr 7, 2025 10:29 AM IST
The various Nifty indices performed as follows:
1) Nifty Next 50, down by 4.29%, reaching 58,829.25.
2) Nifty Bank, down by 3.31%, reaching 49,800.25.
3) Nifty Financial Services, down by 3.57%, reaching 23,891.00.
4) Nifty Midcap Select, down by 5.34%, reaching 10,584.40.
Apr 7, 2025 10:08 AM IST
Stock Market Today Live: Rupee falls by 19 paise to reach 85.63 against the US dollar in early trade amid the market crash and also as market participants carefully watched out for the Reserve Bank of India’s (RBI) monetary policy decision on Wednesday.
Apr 7, 2025 9:49 AM IST
Stock Market Today Live: The Sensex was down by 2,891.21 points or 3.84 per cent, reaching 72,473.48. The Nifty meanwhile was down by 880.15 points or 3.84 per cent in the red, reaching 22,024.30.
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Apr 7, 2025 9:32 AM IST
Sensex Today | Stock Market LIVE: The sectors which fell the most so far, as per the movements of the Nifty Sectoral Indices are as follows:
1) Nifty Metal, down by 6.91 %, reaching 7,832.90.
2) Nifty IT, down by 5.75%, reaching 31,584.55.
3) Nifty Midsmall IT & Telecom, down by 5.50 %, reaching 8,098.15.
4) Nifty Media, down by 4.97%, reaching 1,414.45.
5) Nifty Metal, down by 4.68%, reaching 19,629.45.
Apr 7, 2025 9:27 AM IST
Sensex Today | Stock Market LIVE:
Among the 30 Sensex stocks, the top 5 losers are as follows:
1) Tata Steel, down by 9.97 %, reaching 126.45.
2) Infosys, down by 9.43%, reaching 1,315.30.
3) Tata Motors, down by 8.51 %, reaching 561.60.
4) Tech Mahindra, down by 8%, reaching 1,215.85.
5) Adani Ports & Special Economic Zone, down by 7.24%, reaching 1,065.45.
Apr 7, 2025 9:17 AM IST
The market plummeted into the red on open today. The Sensex was down by 3081.62 points or 4.09 per cent, reaching 72,283.07. The Nifty meanwhile was down by 874.70 points or 3.82 per cent in the red, reaching 22,029.75.
Apr 7, 2025 9:05 AM IST
The market plummeted deep into the red during the pre-open trading session today. The Sensex was down by a staggering 3239.94 points or 4.30 per cent, reaching 72,124.75. The Nifty meanwhile was down by 1,318.10 points or 5.75 per cent in the red, reaching 21,586.35.
Apr 7, 2025 9:02 AM IST
Japan’s Nikkei fell by 7.8 per cent to lows previously seen only in late 2023, while South Korea’s KOSPI Index lost 4.6 per cent. Meanwhile, Hong Kong’s Hang Seng index and the Taiwanese benchmark TAIEX sank by 10 per cent.
Apr 7, 2025 8:59 AM IST
US stocks slid during the previous close, with the tech-heavy Nasdaq Composite Index falling by 962.82 points or 5.82%, reaching 15,587.79.
Meanwhile, the Nasdaq US 500 Large Cap Index was down by 170.18 or 6.06%, reaching 2,638.28, and the Nasdaq-100 Index was down by 1,123.78 points or 6.07%, reaching 17,397.70.
Apr 7, 2025 8:39 AM IST
The market closed deep into the red after the previous trading session ended on Friday, April 4. The Sensex was down by a huge 930.67 points or 1.22 per cent, reaching 75,364.69. The Nifty meanwhile, closed 345.65 points down or 1.49 per cent in the red, reaching 22,904.45.
