US-China trade war effect on India in the third consecutive session in the stock market!

Axis Indian stock market benchmarks and Nifty ended with the support of banking legends like Bank, HDFC Bank and ICICI Bank in the third consecutive season. However, weak international signals have limited the benefits of benchmarks. On 16 April, Sensex rose 309 points or 0.40 percent to 77,044.29, while the Nifty was 109 points or 0.47 percent at 23,437.20. On 16 April, BSE Mid -CAP and small cap index rose 0.62 percent and 0.91 percent respectively. The total market capitalization of BSE listed companies increased from Rs 412 lakh crore to Rs 415 lakh crore in the last session.

Weak international signals

The Indian stock market ended on Wednesday in disregard of weak international signals. European and Asian major markets fell by 2 percent with the ongoing trade war and its impact on global economic development with the policies of US President Donald Trump. American tariffs on selected Chinese goods are now 245 percent.

Effect of trade war on India

Experts say that domestic economy is less affected than countries like China, although the trade war for the global economy including India is negative. There are also expectations that foreign investment flows in India will increase with Chinese shock. In addition, India is actively interacting with the American mechanism to find a solution to a mutual tariff problem.

Inflation, monsoon

In support of better gross economic conditions, such as minimum fall of inflation and normal monsoon estimates, is also strengthening the market spirit.