Trade war sparks Dalal Street plunge; Sensex and Nifty drop due to US-China tariffs, impacting auto, metal, and pharma sectors.

Dalal Street witnessed a substantial downturn due to the escalating trade tensions, impacting investor confidence. The imposition of US tariffs triggered a 34% retaliatory tariff from China, leading to a steep decline in the sensex and Nifty indices. The market was heavily influenced by intense selling pressure, particularly affecting auto, metal, and pharma stocks. This decline underscores the fragility of the global economic landscape and the importance of monitoring international trade developments closely. Investors are advised to remain cautious and stay informed about the latest market trends to make well-informed decisions amidst the ongoing trade uncertainties.

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