US Tariffs Market Slump: 6 Crucial Factors Behind the Devastating 200-Point Nifty Sell-off
There was a dramatic turnaround in the last trading day of the week on Dalal Street with a fresh wave of geopolitical uncertainty emerging, namely, the announcement of the steep US tariffs, finally leaving a large wave of selling spree. The yardstick index, the Nifty 50 index, lost key psychological support by falling more than 200 points, and the Sensex broke nearly one per cent. The front lines were not the only deep cuts, with the extended market sensing the heat and the underlying indication of an overhauling of market sentiment to extreme caution. This one incident led to a major US Tariffs Market Slump.
The immediate and primary catalyst for the widespread decline was the latest trade intervention from US President Donald Trump. In a significant policy development, Trump announced a ...