India’s benchmark stock indices, Sensex and Nifty 50, on Monday, February 10, 2025, plunged around 548 and 182 points to about 77,310 and 23,381, respectively, amid mixed global and domestic cues. It was their fourth consecutive day of decline. Among the major laggards from the 30-share blue-chip pack were Tata Steel, Power Grid, NTPC, Zomato, Sun Pharma, and Bajaj Finance, among others. On the gaining side, Bharti Airtel, Hindustan Unilever, State Bank of India, and Nestle showed positive movement. Metal stocks drop Metal stocks dropped on Monday following the US decision to impose an additional 25% tariff on all steel and aluminium imports as announced by President Donald Trump. Shares of National Aluminium Company tanked 4.83%, SAIL tumbled 4.67%, Vedanta declined 4.31%, NMDC fell by 3.95% and Tata Steel went lower by 3.11% on the BSE. The stock of JSW Steel dipped 2.20%, Hindalco (1.87%), Jindal Stainless (1.61%) and Jindal Steel Power (0.72%). The BSE metal index tanked 2.63%. FII Activity Monday’s performance comes after the foreign institutional investors (FIIs) offloaded equities worth ₹470.39 crore on Friday, according to exchange data. With the dollar index above 108 and the 10-year US bond yield above 4.4%, FIIs are expected to continue selling the rally, restricting any potential upside. In the previous session, the BSE bellwether gauge dropped 197.97 points or 0.25% to settle at 77,860.19, while the Nifty declined 43.40 points or 0.18% to 23,559.95. European Markets European markets showed positive movement in early trading, with France's CAC 40 edging up 0.2% to 7,988.29, Germany's DAX rising 0.3% to 21,817.79, and Britain's FTSE 100 adding 0.4% to 8,738.98. US futures indicated a higher opening, with Dow futures rising 0.2% and SP 500 futures gaining 0.3%. Asian Markets Japan's Nikkei 225 finished nearly flat, rising less than 0.1% to 38,801.17. The Japanese government reported a record current account surplus of 29 trillion yen ($191 billion), highlighting strong returns on overseas investments. The Hang Seng index jumped 1.8% to 21,521.98, while the Shanghai Composite added 0.6% to 3,322.17, despite Trump's tariff concerns. Trump Tariff Impact President Trump announced plans to implement 25% tariffs on all steel and aluminum imports into the US. While Mexico and Canada received 30-day reprieves, the move has created market uncertainty. China has responded by announcing retaliatory tariffs on select American imports and launched an antitrust investigation into Google.Original Article