After the presentation of the budget, the Indian market (Share Market) is witnessing a sharp decline in the first trading session of the week. Nifty - Sensex opened lower on Monday. Asian markets are also witnessing weakness. US futures also traded weakly. Dow Futures slipped by about 750 points. Actually, US President Donald Trump has announced to impose tariffs on three countries, after which weakness is being seen in these markets.

Trump has imposed a 25% tariff on Canada and Mexico. At the same time, a 10% tariff has been imposed on China. However, in retaliation, Canada has also decided to impose a 25% tariff on US goods worth $155 billion. Mexico is also planning something similar.

About Rs 5 lakh crores were lost.
After opening with a decline on Monday, at one point the Sensex slipped 695 points i.e. 0.91% and was seen trading at 76,812. Nifty also saw a decline of 211 points i.e. 0.90% and this index was seen trading at the level of 23,271. After this decline in the domestic stock market, the total market capitalization (BSE market cap today) of all the companies listed on BSE saw a decline of Rs 4.63 lakh crore.

Crude oil is also witnessing a rise. There is also a danger of disruption in the supply of crude oil due to Trump Tariff. In such a situation, there was a rise in the price of crude oil. However, due to low fuel demand in the US, it did not see that much growth. Brent crude oil has crossed $77 per barrel with a gain of about 1%. At the same time, WTI crude oil is close to $74 per barrel. The biggest reason for the fall in the market is 1. Tariff war The biggest reason is that the US has imposed tariffs on Canada, Mexico and China. There is concern that this tariff war will affect global growth. Trump has decided to impose tariffs on these three countries while attacking Fentanyl drug and migration. Trump had also mentioned this in his election promise. Canada and Mexico have also prepared to take retaliatory action. China has said that it will challenge it in the World Trade Organization (WTO). 2. Peak of US dollar The US dollar was seen reaching a record high against China's currency Yuan (Yuan Vs Dollar) in foreign trading. It has reached the highest level since 2003 against the Canadian dollar. Mexico's currency Peso has also reached its highest level of 2022 against the dollar. Meanwhile, the Indian rupee (Rupee VS Dollar) also opened above 87 against the dollar with a weakness of 42 paise. The dollar index has also reached around 110. 3. US Treasury Yield The US Treasury bond yield has returned to its rise. The 2-year US Treasury yield has risen 3.6 basis points to 4.274%, which is a one-week high. There is a risk of rising inflation in the US amid tariff concerns and in such a situation, the possibility of delay in rate cuts has increased. The rise in treasury yield is considered negative for emerging markets like India. In fact, rising treasury yield makes these emerging markets more attractive than risk returns.