US stock markets declined sharply as tariff-related uncertainty and rising geopolitical tensions between the United States and Iran made investors cautious, leading to increased selling pressure across major indices.
US stock markets faced heavy selling pressure on Friday (local US time) after President Donald Trump implemented fresh reciprocal tariffs on 70 countries, including India.
During a cabinet meeting on Thursday (local time), Trump stated, "There will always be transition problems" with his trade policies with pausing certain tariffs but expressed pride in achieving "the biggest day in history" for markets on Wednesday.
The Indian stock market gears up for a cautious opening on Friday, as the aftermath of high inflation and deferred rate cut expectations in the US market. On Wednesday US markets tumbled after inflation data delayed rate cuts hopes beyond June.
Mumbai [India], December 20 (ANI): The Indian equities markets tumbled on Monday with the benchmark Sensex crashing 1400 points leading to nearly Rs.7 lakh crore loss to the investors' wealth within a couple of hours of trading.
Mumbai (Maharashtra) [India], Apr 25 (ANI): Equity benchmark indices wound up lower on Thursday after witnessing heavy selling pressure in the final hour of trading and losses in metal stocks.