The Nifty witnessed a gap-down opening of approximately 170 points. The reasons behind this fall are negative global cues, like Trump’s announcement of a 25% tariff on Mexico and Canada and a 10% tariff on China, which led to a global trade war. The US dollar touched its record high of Rs 87 per Dollar, which weakened the rupee. Furthermore, FIIs are constantly selling off Indian equities causing a fall in the market.
