Markets fall as Trump threatens China in escalating trade war
The Sensex ended at 35292.81, down 255.45 points, while the Nifty ended at 10733.55, down 66.30 points.
This is in response to negative global trends and the lack of strong domestic development. The mood is likely to stay cautious as United States president Donald Trump has threatened new tariffs on Chinese goods. The trade war between the world’s two biggest economies has rattled financial markets.
The rupee extended its decline and fell 33 paise to 68.32 per U.S. dollar.