Reciprocal tariffs wipe off ₹11.30L-cr

New Delhi, April 14: Investors’ wealth eroded by ₹11.30 lakh crore since early this month, where the BSE benchmark Sensex tumbled nearly 2 per cent, as stock markets experienced turbulence in recent times initially due to US President Donald Trump unveiling a massive tariff plan, followed by growing concerns of a tit-for-tat trade war between China and the US.

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Tracking uncertainty in equities, the market capitalisation of BSE-listed firms tumbled by ₹11,30,627.09 crore to ₹4,01,67,468.51 crore ($4.66 trillion) during this period.

Benchmark indices jumped nearly 2 per cent Friday as investors rejoiced at the 90-day suspension of additional import duties by the US.

Markets remained closed on two occasions, April 10 for Shri Mahavir Jayanti and April 14 due to Dr Baba Saheb Ambedkar Jayanti.

Trump unveiled a massive tariff plan in the first week of April. The White House later announced a 90-day pause on “reciprocal tariffs” for most countries except China, which in turn decided to impose 125 per cent tariffs on US imports.

China Friday upped its additional tariff on US goods to 125 per cent, retaliating the America's 145 per cent levy.