Brief by Shorts91 Newsdesk / 07:32am on 11 Feb 2025,Tuesday Business
Indian stock markets opened lower on Tuesday, with the BSE Sensex dropping 100 points to 77,211 and the Nifty50 slipping below 23,400. Investor sentiment weakened as global markets reacted to US President Donald Trump’s new 25% tariffs on steel and aluminum imports. Steel stocks, including Tata Steel and JSW Steel, fell up to 4%. The US dollar strengthened, while oil prices remained stable. Asian markets traded cautiously, with light volumes due to Japan’s holiday. Analysts warn of further volatility as Trump signals more trade measures.
