Indian Stocks React to New US Trade Tariffs
On March 4, Indian stock indices Nifty 50 and Sensex faced selling pressure following new trade tariffs imposed by US President Trump on China, Canada, and Mexico. This led to a decline of 0.17% in Nifty and 0.13% in Sensex. Despite the overall market dip, some stocks thrived; Coffee Day Enterprises surged nearly 20% after a court ruling in its favor, while defence stocks like GRSE and Hindustan Aeronautics saw gains due to increased global interest. Conversely, Gensol Engineering's shares plummeted 20% after a ratings downgrade, and Bajaj Auto hit a new low due to weak domestic sales. The market showed mixed results with broader indices reflecting varied investor sentiments.
