Business News
Sensex plunges 471.44 to 32,534.83; Nifty cracks below 10,000 in opening trade
Trump on Thursday directed the US trade representative to level tariffs on about $60 billion worth of Chinese imports after a seven-month investigation into the intellectual property theft, which has been a longstanding point of contention in US-China trade relations.
The benchmark BSE Sensex cracked below the 33,000-mark by plunging 471.44 points, or 1.42 per cent, to 32,534.83, while the broader NSE Nifty dipped below the 10,000 in opening trade.
The rupee depreciated by 8 paise to 65.19 against the US dollar in early trade today on sharp losses in global equity markets after US President Donald Trump imposed $60 billion of tariffs on Chinese imports.
Trump on Thursday directed the US trade representative to level tariffs on about $60 billion worth of Chinese imports after a seven-month investigation into the intellectual property theft, which has been a longstanding point of contention in US-China trade relations.
