Market Turmoil Following Trump's Tariff Announcement

The Indian stock market opened in the red today, with the BSE Sensex dropping over 500 points and the Nifty50 hovering near 23,200. This sharp decline comes in response to US President Donald Trump's announcement of a 26% reciprocal tariff on India, stirring concerns among investors and market analysts alike.

Market experts suggest that Indian equities are poised for volatility, influenced by global market reactions to the latest trade policies.

Global Reactions and Safe-Haven Assets Surge

Following the announcement, Asian equities saw significant declines, while safe-haven assets like gold reached record highs. Oil prices also took a hit, dropping by $2 as traders fretted over potential decreases in crude demand amid escalating trade tensions.

Investment Trends: FIIs and DIIs Activity

On the investment front, Foreign Institutional Investors (FIIs) recorded net sales of Rs 1,539 crore, whereas Domestic Institutional Investors (DIIs) bought shares worth Rs 2,808 crore, indicating a mixed sentiment in the market.