Rudra Investment Stock Market Expert report says Trump has imposed a duty of $ 60 billion on Chinese imports. With imports duty imposed on China, Asian markets, including markets worldwide, have seen a decline. The BSE Sensex, which closed 355 points at 32,650.89 level, was hit by heavy declines in the Indian market on Friday with negative signals from the global markets. On the other hand, the Nifty opened with a loss of 146 points at 9968.80 level. In the initial business, all the sectoral indices are trading in red marks.

Chinese duty imposed a duty

America has imposed a duty to prevent the theft of Intellectual property. The United States has imposed a duty of $ 60 billion on Chinese imports. In the coming days, the Trump administration can take many other steps too. The list of products will be released from the US within 15 days and this list can contain 1300 Chinese products.

Mid-caps, small-caps sold

Due to the fear of trade war due to weakness in the Indian Stock market, mid-caps and smallcap stocks are getting huge sales. The BSE mid-cap index has declined by 1.69 percent. BSE’s Smallcap Index fell 1.89 percent.

In all sectoral indices red marks, PSU bank-metal breaks most

Initially, the weakness in all sectoral indices on the NSE is being seen. The biggest weakness in the Nifty Mater Index was 2.70 percent. At the same time, the Nifty Pierusu Bank dropped 2.10 percent and the Nifty Rai index dropped 2.49 percent. The Bank Nifty Index is trading 1.47 percent down at 23,785.65 level.

China threatens to overturn

At the same time, China has released 128 American products list. Duty can be levied on China’s wine, fruit and steel. China can not afford to not agree with the US.

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