The 30-share BSE benchmark gauge tumbled 1,032.99 points or 1.38 per cent to 73,579.44 during morning trade on Friday. The market capitalisation of BSE-listed firms eroded by Rs 7,46,647.62 crore to Rs 3,85,63,562.91 crore (USD 4.42 trillion) in morning trade. Tech Mahindra, IndusInd Bank, Maruti, HCL Tech, Infosys and Titan were the biggest laggards.Axis Bank, HDFC Bank, Reliance Industries and Adani Ports were the gainers from the pack. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with deep cuts. The US market fell, closing at a five-month low, while US Treasury yields rose following President Donald Trump’s new tariff threats. The latest announcement of additional 10 per cent tariff on China is a confirmation of the market view that Trump will use the initial months of his presidency to threaten countries with tariffs and then negotiate for a settlement favourable to the US.
