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Sensex, Nifty plunge as global markets reel under new US tariff threats

  •   Fri, Feb 28 2025 10:46:53 AM

Daijiworld Media Network- Mumbai

Mumbai, Feb 28: Indian equity markets opened sharply lower on Friday, mirroring the global market rout triggered by fresh tariff threats from US President Donald Trump. The announcement of an additional 10 per cent tariff on Chinese imports sent shockwaves across investor sentiment, leading to a sharp sell-off in domestic indices.

The BSE Sensex nosedived 790.87 points, slipping to 73,821.56 in early trade, while the NSE Nifty tumbled 231.15 points to 22,313.90.

Heavyweights including IndusInd Bank, Mahindra & Mahindra, Tech Mahindra, HCL Tech, Infosys, Tata Steel, Tata Motors, and Maruti were among the top losers, dragging the indices down. However, Reliance Industries and HDFC Bank managed to stay in the green, providing some resistance.

The negative trend was further amplified by weak cues from major Asian markets, with indices in Seoul, Tokyo, Shanghai, and Hong Kong trading deep in the red.
  

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Title: Sensex, Nifty plunge as global markets reel under new US tariff threats



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