Donald Trump's trade deal stuck in limbo, Sensex's upward momentum also halted

Life style News: The record rise in the US stock market that continued for 9 days came to a halt on Monday. Its effect was clearly visible on the country's stock markets on Tuesday. Due to the soft trend of the global market, both Sensex and Nifty started flat in India. Both witnessed minor fluctuations.

At 9:20 am, the BSE Sensex saw a loss of 65 points. It was trading around 80,730 points. While the NSE Nifty fell by just 5 points and was trading near 24,455 points. During this period, the Sensex traded in the range of 80,737.03 points to 80,981.58 points and the Nifty traded in the range of 24,432.50 points to 24,509.65 points.

Impact from America to India

After assuming power, President Donald Trump had imposed heavy tariffs on many countries. One of the main objectives of this was to balance the trade of these countries with America, to ensure a fair share for America. For this, trade deals had to be made with those countries, over which clouds of uncertainty are hovering right now.

US Stock Market Plunge Impacts Indian Markets

Therefore, the boom that was being seen in the US stock market for the past several days came to a halt on Monday. Dow Jones, S&P 500 and Nasdaq Composite all closed with a decline. Dow Jones fell by 0.24 percent, S&P 500 by 0.64 percent and Nasdaq Composite by 0.74 percent. Its effect was seen on the Indian stock markets in the morning trade.

Market Mood Shifts: Sensex and Nifty Decline

The pressure of decline on the stock market is increasing. By 9:30 am, Sensex has fallen by 90 points and Nifty by 18 points. Whereas on the first day of the week, Monday, the market was bustling. On Monday, Nifty saw a growth of 114.45 points and it closed at 24,461.15 points. At the same time, Sensex also closed at 80,796.84 points with a rise of 294.85 points.

Many Asian markets closed

Many Asian markets are going to remain closed today as well. While there was no trading in the markets of Japan and South Korea yesterday because it was a public holiday there. Earlier, indexes like Nikkei, Topix, Kospi and Kosdaq of both the countries were closed due to the weekend. Today there will be trading in Hong Kong's stock market Hang Seng, the effect of its movement can be seen on the market by noon.