Trump's 500% Tariff Threat Rocks Indian Market: Exporter, IT Stocks Plunge

• US President Donald Trump's support for a bill allowing 500% tariffs on countries buying Russian oil/uranium triggered a sharp decline in Indian markets.
• Exporter stocks like Gokaldas Exports, Avanti Feeds, and Welspun Living faced heavy pressure due to potential trade tensions with the US.
• Indian IT giants, heavily reliant on the US market, saw significant drops, with TCS falling 4% ahead of its results.
• Trump's direct statement, "we can raise tariffs on India very quickly," intensified market fear and uncertainty in US-India trade relations.
• The proposed Graham-Blumenthal Bill grants the US President authority to impose tariffs, raising concerns for India's energy imports from Russia.

Why It Matters: Trump's tariff threat and US policy uncertainty are causing significant volatility in Indian exporter and IT stocks.