Trump's Tariff Threats Rock Indian Market; ₹7 Lakh Cr Wiped Out in 4 Days
Share Market
N
News18•08-01-2026, 15:50
Trump's Tariff Threats Rock Indian Market; ₹7 Lakh Cr Wiped Out in 4 Days
- •Indian stock market plunged, wiping out ₹7.19 lakh crore from BSE market cap in four days; Sensex fell 1,442 points, Nifty 405 points.
- •Former US President Trump's support for a bill imposing 500% tariffs on Russian goods, aimed at countries like India buying cheap oil, fueled market fears.
- •Trump warned of further tariffs on Indian goods if US concerns over Russian oil imports aren't addressed; US already has up to 50% tariffs on some Indian products.
- •Major stocks like HDFC Bank, Reliance Industries, and sectors like Metal and IT saw significant declines, contributing to the market downturn.
- •Global factors including Venezuela's political turmoil and weak Asian markets also dampened investor sentiment, with US employment report awaited.
Why It Matters: Trump's tariff warnings and global instability caused a sharp decline in the Indian stock market.
✦
More like this
Loading more articles...
