{"id":20662,"date":"2025-04-07T12:18:14","date_gmt":"2025-04-07T06:33:14","guid":{"rendered":"https:\/\/nepalsamaj.com\/en\/?p=20662"},"modified":"2025-04-07T12:18:14","modified_gmt":"2025-04-07T06:33:14","slug":"indias-main-stock-index-falls-more-than-3-at-open","status":"publish","type":"post","link":"https:\/\/nepalsamaj.com\/en\/indias-main-stock-index-falls-more-than-3-at-open\/","title":{"rendered":"India’s main stock index falls more than 3% at open"},"content":{"rendered":"
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Indian stocks fell at the open of trading on Monday, with the benchmark Nifty index down more than three percent.<\/p>\n

US President Donald Trump slapped a flat 26 percent tariff on imports from India last week, with New Delhi saying it was examining both “implications” and “opportunities” from the duty hikes.<\/p>\n

The Nifty 50 — which presents the largest Indian companies on the national stock exchange — was down 3.55 percent.<\/p>\n

The Nifty IT, the country’s powerful information technology companies, and who have the United States as their single biggest market, was down 5.53 percent.<\/p>\n

The Times of India called the stocks slump a “bloodbath”.<\/p>\n

After the tariffs were announced, India’s Department of Commerce said it was “carefully examining the implications of the various measures”, adding in a statement that it was “also studying the opportunities that may arise due to this new development”.<\/p>\n

India’s pharmaceutical sector, which exported more than $8 billion of products to the United States in the 2024 fiscal year, emerged unscathed — with drugs exempt from its reciprocal tariff move.<\/p>\n

Trump, speaking while unveiling the tariffs, said that Indian Prime Minister Narendra Modi was a “great friend” but that he had not been “treating us right”.<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian stocks fell at the open of trading on Monday, with the benchmark Nifty index down more than three percent. US President Donald Trump slapped a flat 26 percent tariff on imports from India last week, with New Delhi saying it was examining both “implications” and “opportunities” from the duty hikes. The Nifty 50 — […]<\/p>\n","protected":false},"author":1,"featured_media":20663,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-20662","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/20662"}],"collection":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/comments?post=20662"}],"version-history":[{"count":1,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/20662\/revisions"}],"predecessor-version":[{"id":20664,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/20662\/revisions\/20664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media\/20663"}],"wp:attachment":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media?parent=20662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/categories?post=20662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/tags?post=20662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}