Stock market today: Nifty50 drops under 24,550; BSE SENSEX Down More than 600 points while the 50% rates of Donald Trump are affecting India – The Times of India

Stock Market Today: Nifty50 and BSE SENSEX, The Indian Equity Benchmark Indices, refueled in the opening trade on Thursday a day after 50% American rates are in force on India. While Nifty50 went under 24,550, BSE Sensex dropped more than 600 points. At 9:27 am Nifty50 traded on 24,539.05, a decrease of 173 points or 0.70%. BSE SENSEX was at 80.203.19, a decrease of 583 points or 0.72%.Dr. VK Vijayakumar, Main Investment Strategist, Geojit Investments Limited, says: “The rate of 50% imposed on India that is already in force will weigh on the market for market bumps in the short term. But the market is unlikely that the market will consider these high rates as a short -term Aberration. The comments of the American Minister of Treasury Scott Bessant: “At the end of the day India and us Will come together ”indicates the likely outcome. The market will evolve this outcome without panic.”“The real challenge for the market is the high valuations and lukewarm profit growth. The strong support pillar of support to the market is the aggressive purchase by Diis Flush with funds. Every sale by FIIs will easily be nocitized by the aggressive purchases by Diis. The safety of reasonably appreciated large caps with focus on.“The S&P 500 reached a new record that was closed on Wednesday prior to the quarterly results of Nvidia, the most expected Wall Street event of the week, that the sustainability of the current valuations of AI-related companies will test.American stock futures and NVIDIA shares fell after the turnover forecasts of the semiconductor company did not meet high expectations, which had influenced sentiment of the highest value of the world.The American currency showed weakness on Thursday, while investors raised their positions that anticipate an interest rate in the Federal Reserve in the coming month, after the instructions of President John Williams in New York about a possible reduction.The raw prices fell on Thursday when market participants evaluated the prospects of the US fuel consumption near the conclusion of the summer driving season, while monitoring potential changes in the oil supply in the midst of India who have confronted strict American rates for the import of Russian oil.Foreign portfolio bumpers sold shares worth RS 6,516 Crore Net on Tuesday. Domestic institutional investors bought RS 7,060 Crore Net.(Disclaimer: recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the opinion of the Times of India)