Indian shares drop due to new tariffs, global trade war fears

From Nasdaq: 2025-02-10 05:31:08

Indian shares fell on Monday as the rupee hit a record low of 87.95 per U.S. dollar due to new tariffs announced by U.S. President Trump. Fears of a global trade war have investors on edge. China’s retaliatory tariffs and Trump’s plans for reciprocal tariffs sparked concerns about the global economy. The S&P/BSE Sensex closed down 0.70 percent, while the NSE Nifty fell 0.76 percent. Stocks like ONGC, Titan Company, and Mahindra & Mahindra saw declines, while Kotak Mahindra Bank surged. Despite positive Q3 results, Ola Electric Mobility tumbled. Britannia Industries and Bharati Airtel saw modest gains.



Read more at Nasdaq: Sensex Drops 548 Points On Tariff Worries; Nifty Dips Below 23,400