Trump's new tariff causes panic in the market, investors lost ₹1.61 lakh crore in a few minutes! few minutes!

The impact of the 25% additional tariff imposed by US President Donald Trump on India was clearly visible in the stock market on Thursday. The Sensex opened with a fall of more than 200 points, and the Nifty also fell by more than 50 points. Due to this fall, the market cap of companies listed on BSE decreased by Rs 1.61 lakh crore.

The BSE Sensex opened at 80,262.50 on Thursday, down 281 points from its previous close of 80,543.99. The NSE Nifty 50 also started weak. It opened at 24,464.20, down 110 points from its previous close of 24,574.05.Nifty's technical signals are weakOn August 6, the Nifty trading session also ended with a decline. The index closed down by 75 points. According to technical analysts, the index is currently trading below all major moving averages. Due to this weakness, the bears are likely to get stronger. Now the level of 24,473 remains an important support for Nifty, which is the lowest level of June. If it breaks, the index may slip towards 200-day EMA i.e. 24,200, which is considered a strong technical support in the market. At the same time, if there is any recovery on the upside, then the first resistance is seen at 24,700.

The rise in VIX has created an atmosphere of fear in the marketIndia VIX, an indicator that measures fear in the market, rose by 2.11% to reach the level of 11.96 on Thursday. It has moved above its short-term moving average, which may cause pressure to the bulls.

In the last two weeks, VIX has registered a gain of about 11.6%, which is a sign of increasing uncertainty in the market.On August 5, the Nifty put-call ratio (PCR) fell to 0.74 from 0.83 in the previous session. A put-call ratio below 0.7 usually indicates bearish sentiment.

Analysts believe that Trump's tariff decision has further negatively impacted the already pressured market. If the selling by foreign investors increases, further decline may be seen in the coming days.Total 50% tariff on IndiaIt is worth noting that Trump had already imposed a 25% tariff on goods going from India to America. On Wednesday, he increased it by another 25%, taking the total tariff to 50%. This decision has become a matter of concern for Indian exporters as well as investors. Its impact can be clearly seen on both trade and stock market.

PC:TV9Bharatvarsh