Stock market today, April 9 -- The domestic benchmark indices, Nifty 50 and Sensex, fell on Wednesday after a brief respite, aligning with significant declines in Asian markets due to rising trade tensions, despite the RBI cutting the key interest rate by 25 basis points to support an ailing economy affected by reciprocal tariffs from the US.
Reflecting the poor performance of Asian equities, domestic benchmark equity indices opened lower and continued to decline throughout the day as the latest round of US tariffs, which included a staggering 104 percent duty on Chinese goods, took effect.
The 30-share BSE benchmark Sensex fell by 332.56 points to reach 73,910.20 at 12:33 IST. The Nifty 50 dropped 111 points to hit 22,424.85.
The mark...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.