Stock markets take a dive in second half of the day
Indian stock benchmarks saw a sudden fall in the late afternoon. This was due to fresh worries over the trade war between the United States and China.
China has announced that it would put extra tariffs of 25% on 106 goods from the United States.
The Sensex closed 352 points lower at 33,019, while Nifty closed 117 points lower at 10,128.
From hitting a high point at the start of the day, the Sensex plunged 533 points.
Experts warn that financial markets across the world will be volatile given the disturbance in global trade. This is because of the imposition of tariff barriers.
A lose-lose situation is likely for everyone. India is no exception. Experts advise investing in carefully chosen select large-cap and quality midcap stocks.