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Indian markets can open rapidly today. This is because US President Donald Trump has postponed the reciperook tariff on all other countries except China for 90 days.
The American markets of his announcement climbed up to 12% on April 9, i.e. April 9. The gift Nifty traded on the Asian market and the International Exchange of NSE has up to 10%.
Asian markets are trading in fast …
- Japan’s Nikkei index is trading at 34,370 levels by climbing 2,660 points or 8.39%.
- Korea’s Kospi Index is trading at 2400 levels by climbing 110 points or 4.70%.
- Taiwan’s Taiiex index is trading at 620 points or 9.35% to 19,020.
The largest gain in the Nasdaq Composite of the US market since January 2001
- Dow Jones rose 2,962 points or 7.87% to close at 40,608, which is its largest single day gain since March 2020.
- The S&P 500 index rose 9.52% to 5,456.90, which is its largest single session rise since 2008.
- The index of tech shares rose 12.16% to 17,124, which is the largest gains since January 2001.
- About 30 billion shares were traded, making it the most trading day in the history of Wall Street.
Dow jones top gainers
share | Price | Rapid | Rapid % |
Nvidia | $ 114.36 | 18.33 | 19.09 |
Intel | $ 21.47 | 3.32 | 18.29 |
Dow ink | $ 29.84 | 4.12 | 16.00 |
Boing | $ 160.82 | 21.74 | 15.63 |
Apple ink | 198.60 dollars | 26.22 | 15.21 |
Rap after 4 consecutive days of decline
On 8 April, the US stock markets closed down in a decline on the fourth consecutive trading day. The Dow Jones index fell by 320 points or 0.84% to 37,645. It had a gain of about 4% in early trade. That is, it has closed down about 5% from the upper level.
At the same time, the US market’s S&P 500 index fell 79.48 points or 1.57% to close at 4,982 levels. The index Nasdaq composite of technology stocks fell by 335 points or 2.15%. It closed at 15,268 levels.
Dow Jones fell 10% during the three consecutive trading days. At the same time, after the fall of Tuesday, the total decline of Dow Jones in four business days had exceeded 11%. However, the same day’s boom has almost covered this decline of the market.
Causes market volatility
On 3 April, US President Trump imposed a Tit tariff to the world like worldwide. It has announced to impose 26% tariffs on India. China will take 34%, European union 20%, South Korea 25%, Japan 24%, Vietnam 46%and Taiwan will take 32%tariffs.
The move has started a tariff war. In response to the US tariff, China announced to impose 34% counter -tariff on the US. After the tariff of China, the US announced to impose 50% additional tariffs. This increased the total tariff to 104%.
In response to Trump’s action, China decided that it will now reply to 84% tariff. On 9 April, Trump once again increased the tariff to 125% on China, but postponed the tariff to be implemented from April 9 for 90 days.
Indian market closed at 73,847 levels falling 380 points
The Indian market index Sensex fell 380 points to close at 73,847 on April 9. The Nifty also fell by 137 points, it closed at 22,399 levels.
IT, metal, banking and pharma shares are the most broken. The NSE Nifty PSU is 2.52% below. Nifty IT 2.19%, Nifty Pharma 1.97%, Nifty Realty 1.90% and Nifty metal fell down 1.48%.
