Mumbai US President Donald Trump’s implementation process on Mexico and Canada, after postponing the process of imposing a month, the Sensex and Nifty rose in domestic markets Sensex and Nifty in early trade on Tuesday to improve Asian markets. The BSE Sensex rose 552.6 points to 77,739.34 points. NSE Nifty gained 173.15 points to 23,534.20 points.
Among the 30 companies listed in the Sensex, the shares of Infosys, Tata Motors, Larsen & Tubr, Mahindra, Adani Ports, State Bank of India, ICICI Bank and Tata Steel gained the highest. Shares of Power Grid, Hindustan Unilever, Nestle and Asian Paints were in disadvantage.
The Asian markets also accelerated Nikki of Japan, Kospy in South Korea and Hangseng in Hong Kong. The American markets closed with a negative attitude on Monday. International standard Brent crude fell by 0.50 percent to $ 75.58 per barrel.
According to the stock market data, foreign institutional investors (FIIs) were selling on Monday and purely sold shares worth Rs 3,958.37 crore.
Significantly, US President Donald Trump on Saturday signed an order to impose strict duty on goods imported from Mexico, Canada and China. He claimed that these fees are “necessary for the protection of Americans”.
However, in separate talks with Canadian Prime Minister Justin Trudeau and Mexico President Claudia Shinbam, Trump has agreed to ban the implementation of the decision to impose fees on the two countries for at least one month.
Edited by: Navin Rangiyal (Language)
