Mumbai: Indian stock markets witnessed a sharp decline as the Sensex plunged over 1,000 points, reacting to new tariffs imposed by U.S. President Donald Trump. The tariffs, primarily targeting aluminium and steel imports, have triggered global market uncertainties, leading to heavy foreign outflows from Indian equities.
Although India is a minor supplier of steel to the U.S., it remains one of the largest primary producers of aluminium globally, with the United States being its top export destination. The fresh tariff measures have sparked concerns over the impact on Indian metal industries, leading to a steep sell-off in stocks related to the sector.
Foreign Institutional Investors (FIIs) continue to pull out capital from Indian markets, further exacerbating the downturn. Experts suggest that the volatility may persist in the near term, with global trade tensions playing a significant role in market movements.
