Signs of recession are seen in global markets

Mumbai: Global markets declined today as China has decided to impose 34 percent tariffs on imports from the US from April 10. The step is in line with Donald Trump’s strict trend of imposing heavy tariffs on imports from many countries around the world. As a result of the American tariff, the world is on the verge of a major trade war. Today, the stock markets around the world saw a rapid return from the selling pressure caused by nervousness, as there were reports that European countries are also preparing to take strict tariffs against America.

The global markets were upheaval for the second consecutive day today, as China put 34 percent tariffs on the import of American goods. Meanwhile, there is a possibility that the US economy will move towards inflation and recession, as well as the US mutual tariff will have a negative impact on the world. In the US stock markets yesterday, Dow Jones Index declined by 1,679 points and 1,050 points in the Nasdaq index, on today, Dow Jones declined by 1,000 points and 450 points in Nasdaq. Thus, Dow Jones has declined by 2,800 points in two days and 1,700 points in Nasdaq. Markets in European countries also suffered losses. In the evening, the London Stock Exchange’s FTSE was 331 points below, Germany’s dax was 840 points, and France’s CAC 40 index was 287 points.

Trump except for areas including Pharma and NG to impose 26 percent tariffs on India, today’s statement that the tariff on pharma will soon be re-announced, and after the negative impact of the pressure to remove unnecessary quality standards on metal imports in India, today, metal-mining, pharma, IT-software services, capital, capitalist, dying goods and autos shares in Indian stock markets. The Sensex fell 930.67 points to 75,364.69 and the Nifty 50 spot index again lost 23,000 levels and finally fell 345.65 points to close at 22,904.45.

Metal-mining stocks fell down a major decline today, as the prices of supernatural metals in the London Metal Exchange declined. Meanwhile, there is a possibility of disruption of global metal trade due to the US imposing tough tariffs on China and the replay on the US by China. In addition, the pressure on India has started increasing to allow imports as per international standards, citing stringent quality standards for Indian metal imports. The automobile sector once again led to a decrease of funds, which led to a recession in the auto industry as a result of heavy duty on import of vehicles in the US.

After Trump indicated on April 2, he would not impose mutual tariffs on pharmaceutical imports, but now he has announced a tariff soon, today healthcare-pharma shares declined drastically.

After Trump imposes mutual tariffs, China has now imposed 34 percent tariff in turn, leading to recession, and with the threat of a major global crisis in the coming days, today the width of the market has become extremely weak due to widespread gaps and all-round selling in small and medium-cap stocks and all-round selling. Out of a total of 4076 shares done on BSE, 1029 shares were profitable and 2923 shares declined.

Foreign portfolio investors (FPI), FII on Thursday sold cash worth Rs 3483.98 crore. Total sales Rs. 1,00,000. Total purchase Rs. Rs 17,430.56 crore as against Rs. 13,946.58 crores Whereas domestic institutional investors (DIIs) have Rs. It had a net sale of Rs 1,000 crore. 1720.32 crores Total sales Rs. 1,00,000. Total purchase Rs. Rs 16,174.64 crore as against Rs. 14,454.32 crores Due to the general decline in shares, the market capitalization of companies listed in BSE fell to Rs 100 crore due to the general decline in shares. 9.99 lakh crore rupees in a single day. 403.34 lakh crores

World market status at 7:30 pm