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US President Donald Trump found China's threatening statement on the Indian stock market

US President Donald Trump on Sunday warned China to increase the duty rate on imported goods. Trump has said this at a time when the Chinese delegation was supposed to start a dialogue in Washington to resolve the fee issue but before the trump statement  Everyone is surprised.

 In the first trading day of the week, the biggest drop in the Indian stock market, the Sensex lost 362.92 points to end at 38,600, while the Nifty ended 114 points down at 11,598.25 points.  During the trading, the Sensex broke up by more than 400 points.  Indeed, the sale of the market was triggered by the possibility of a breakdown of trade talks between the US and China, which had an impact in the Sensex and the Nifty.

 US President Donald Trump warned on Sunday to increase the duty rate on imported goods from China. Trump has said this at a time when the Chinese delegation is scheduled to start talks in Washington on Wednesday to resolve the charge.  The purpose of this meeting is to find a solution to the trade war between the two countries to overcome the concerns of the global economy.  But before Trump's statement has surprised everyone, this is due to a trade war between the two countries.

 Shares of Bajaj Finance, Tata Steel, HDFC and IndusInd Bank were down by more than 2 per cent, while HDFC Bank, Reliance, Hero MotoCorp, Asian Paints, Axis Bank, Mahindra and Mahindra, HUL, Bajaj Auto and NTPC were also down  Closed with more than one percent fall  If the shares of the promoted shares, ITC and TCS closed with a gain of more than 1%, while the small gain in Airtel and Sunferma shares was seen.  The rupee has dropped 24 paise to 69.46 against the dollar in early trading on Monday.  Earlier, the rupee had closed at 69.22 against the dollar on Friday.

 In its order dated April 22, 2019, the Reserve Bank of India has imposed a penalty of 11,25,000 rupees under the Payment and Settlement System Act, 2007.  Meanwhile, due to the rating downgrade by the rating agency ICRA, the share of YES Bank has weakened.

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