In a major development, the impact of the United States' new reciprocal tariff announcement has been felt in the Indian financial markets. As a result of the tariff increase, the Indian stock market opened today with a significant downturn. The Sensex dropped by 500 points, reflecting the negative sentiment in the market. The Indian Rupee also saw a decline, weakening by 26 paise against the U.S. Dollar. This move by the U.S., which involves a 26% reciprocal tariff, is expected to have widespread consequences, particularly for India’s exports. The tariff hike has added to the uncertainty surrounding global trade, influencing investor confidence. The market’s immediate reaction to these developments highlights concerns over the potential long-term effects on India's economy, particularly in sectors like automobiles and electronics. Experts continue to monitor the situation, and further fluctuations are anticipated as the full impact of these tariffs unfolds. ABP News will continue to provide updates on this unfolding story.
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00:00Big news, America's tariff has increased, share market has opened, S&P 500 has fallen
00:08In comparison to dollar, U.S. has announced reciprocal tariff, share market has opened, S&P 500 has fallen
00:24In comparison to dollar, U.S. has announced reciprocal tariff, share market has opened, S&P 500 has fallen
00:42This is called tariff terrorism, many politicians in America are openly opposing it, they are saying that it will destroy the economy, but this is free America, President Trump has said
00:56So big news, America has imposed 26% tariff on India, and with the announcement of the tariff, its effect has been seen in the share market, with the fall, today the share market has opened, S&P 500 has fallen