Stock Market Highlights: Sensex Closes 322 Points Lower, Nifty Below 23,300; Persistent Systems Sinks 10%
Stock Market Live Updates: Indian stock markets were weaker at market open on Thursday, after US President announced a tariff rate of 26 per cent on imports into the US from India
Stock Market Highlights: Benchmark Indian equity indices settled lower on Thursday following US President Donald Trump’s announcement of reciprocal tariffs on several countries. Trump’s announcement, made on April 2, introduced a new tariff structure featuring a baseline 10 per cent tax on all US imports, with additional higher tariffs imposed on countries with a trade surplus. India now faces a 27 per cent tariff from the US.
The BSE Sensex shed 322.08 points or 0.42 per cent to settle at 76,295.36. The index traded in the range of 76,493.74 -75,807.55 today. The NSE Nifty50 also settled lower at 23,250.10, down 82.25 points or 0.35 per cent from its previous close.
18 out of the 30 constituent stocks of the BSE Sensex settled lower, led by losses in TCS, HCL Tech, Tech Mahindra, Infosys, and Tata Motors, with declines reaching up to 4.02 per cent. In contrast, Power Grid Corporation, Sun Pharma, Ultratech Cement, NTPC, and Asian Paints were among the top gainers, with increases of up to 4.57 per cent.
Small-cap shares outperformed the broader markets, with the Nifty Smallcap100 index rising 0.58 per cent.
Among the sectoral indices, the Nifty IT index was the top laggard, settling lower by 4.21 per cent dragged by Persistent Systems, Coforge, TCS, and Mphasis. Auto, Oil & Gas, and Realty were also among the underperforming sectors.
Pharma shares, however, were the top performers, with the Nifty Pharma index rising over 2.25 per cent. Banks, healthcare, FMCG, and consumer durables also advanced up to 1.94 per cent.
Global Cues
Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world’s largest economy, upending trade and supply chains.
Nasdaq futures tumbled 4 per cent and in after-hours trade some $760 billion was wiped from the market value of Magnificent Seven technology leaders. Apple shares, hit hardest as the company makes iPhones in China, were down nearly 7 per cent.
S&P 500 futures fell 3.3 per cent, FTSE futures fell 1.8 per cent, while European futures fell nearly 2 per cent.
In early trade in Tokyo, the Nikkei was down 3.9 per cent at an eight-month low, with nearly every index member falling as shippers, banks, insurers and exporters copped a beating.
Benchmark 10-year Treasury yields shot down 14 basis points to a five-month low of 4.04 per cent as investors braced for slower US growth, while interest rate futures priced in a higher chance of interest rate cuts in the months ahead.
Stock Market LIVE Updates: Sensex closed 322 pts lower at 76,295.36
BSE Sensex settled 322.08 points or 0.42 per cent lower at 76,295.36.
Stock Market LIVE Updates: Nifty closed at 23,250.10, down 82 pts
NSE Nifty50 closed at 23,250.10, down 82.25 points or 0.35 per cent.
Stock Market Live News Update: Near term market volatility is expected
Market volatility is expected to remain elevated in the near term due to the extent of the tariffs, which have surpassed market expectations. These measures are inherently inflationary and could complicate the US Federal Reserve’s monetary policy trajectory. Furthermore, any escalation in trade disruptions may heighten recessionary risks in the US, leading to a broader slowdown in global economic activity.
Given the significant influence of the US economy on global financial markets, short-term sentiment is likely to be impacted. However, we see this volatility as an opportunity.
View by Axis Securities
Stock Market Live News Update: 'A defining moment': Why stock market veteran Vijay Kedia is not bothered by Trump's tariffs
- US tariffs seen as opportunity, not setback, by investor Vijay Kedia.
- India’s domestic-driven economy may absorb trade disruptions.
- Markets volatile, but bargain buying emerges in select sectors.
- Govt strategy measured, balancing negotiations and exporter support.
Stock Market Live News Update: Navin Fluorine, SRF, GFL, UPL tumble upto 6.5%
Chemical stocks like Navin Fluorine, SRF, Gujarat Fluorochemicals (GFL), Deepak Nitrite, UPL, and several others were under pressure on Thursday, April 3, 2025, as these scrips tumbled up to 6.5 per cent in intraday trading on BSE.
The decline in chemical stocks followed the announcement of new tariffs by US President Donald Trump, who imposed a 27 per cent tariff on all imports from India.
Stock Market LIVE: Markets At 2pm
At 2 PM, the BSE Sensex was lower by 310.43 points, or 0.41 per cent, at 76,307, and the Nifty 50 was at 23,262.45, behind by 69.90 points, or 0.30 per cent.
Sensex, Nifty LIVE Updates: Bitcoin falls below $84k as trade war stirs recession fear, Altcoins drop up to 4%
- Bitcoin and major cryptocurrencies fell as Trump’s tariffs sparked fears of a trade war.
- BTC dropped 1% to $83,433, while Ethereum fell 2% to $1,825.
- Gold surged above $3,160, while safe-haven assets gained traction.
- Analysts see potential long-term crypto recovery if key resistance levels hold.
Sensex, Nifty LIVE Updates: India Finds Silver Lining in US Trade Shift
View: Hajra, Chief Economist & Executive Director, Anand Rathi Group
The US’s new reciprocal tariff regime announced on April 2, 2025, could shake up global trade, but India emerges relatively well-placed. With lower tariff rates than key peers and a modest impact on exports, India may even gain from supply chain shifts. Domestic growth, inflation, and equities remain on solid ground—turning a global trade headwind into a potential strategic tailwind.
- Majority of Exports Affected: Roughly 87% of India’s $81 billion exports to the US will fall under the new tariff regime. Exemptions include steel and aluminium products, automotive parts, copper, pharmaceuticals, semiconductors, and lumber, which are either covered under separate tariff regimes or subject to future negotiation.
- India Better Positioned Than Most Peers: India’s reciprocal tariff rate of 26% is relatively favourable compared to key US trade partners such as China (54%), Vietnam (46%), or Sri Lanka (44%). Moreover, India’s goods trade surplus with the US, at $50 billion, is far lower than that of China ($320 billion), Mexico ($180 billion), Vietnam ($120 billion), or Germany and Ireland (each at $90 billion). This strengthens India’s case for a negotiated tariff reduction, discussions for which are already underway. In the previous US-China tariff episode (2017–21), India gained only marginally. The major beneficiaries of that period – Mexico, Taiwan, and Vietnam – are now facing higher tariffs than India, India stands to benefit more substantially this time around.
- Limited Impact on Exports and GDP: Even in a worst-case scenario of a 10% decline in exports to the US, the hit to India’s GDP would be limited to around 0.2%. Despite global trade frictions, with relatively resilient domestic demand and much greater weightage of domestic versus foreign demand, India’s growth is expected to remain robust, in the 6.5–7.5% range over the next 2-3 years.
- Inflation Contained, Interest Rates Likely to Decline: Given the low import component of India’s inflation basket, the tariff impact on consumer prices is expected to be minimal. The RBI is likely to maintain an accommodative stance, with additional rate cuts of at least 50 bps in 2025. Continuation of the current strong fiscal position should support lower bond yields, aided by effective transmission of monetary easing.
- Equity Market Volatility May Persist, But Outlook Remains Constructive: While heightened global uncertainty may cause near-term corrections and market turbulence, India’s macroeconomic fundamentals remain solid. FIIs turned net buyers in the week ending 28 March 2025, breaking a 16-week outflow streak, the longest in 25 years. With greater uncertainties in the US and China, we expect FIIs to turn more positive on India. With resilient corporate earnings, steady domestic flows, and equity valuations below historical averages, the medium- to long-term outlook for Indian equities remains favourable.
Sensex Today: Shrimp Stocks Avanti Feeds, Apex Frozen Foods Crash Up To 17% After Trump Tariffs; Here's Why
Shares of shrimp feed companies Avanti Feeds Ltd. and Apex Frozen Foods Ltd. plunged as much as 17% on Thursday; Know why
Read full ArticleSensex, Nifty LIVE Updates: IDFC First Bank shares gain 3% after posting Q4 update
Total Business (Loans & Advances and Customer Deposits) grew from Rs. 3,94,718 crore as of March 31, 2024 to Rs. 4,84,394 crore as of March 31, 2025, YoY growth of 22.7%.
Loans & Advances grew from Rs. 2,00,965 crore as of March 31, 2024 to Rs. 2,41,848 crore as of March 31, 2025, YoY growth of 20.3%. The QoQ growth was 4.7%.
Customer Deposits grew from Rs. 1,93,753 crore as of March 31, 2024 to Rs. 2,42,546 crore as of March 31, 2025, YoY growth of 25.2%. The QoQ growth was 6.7%.
Stock Market Today Live Updates: Dabur Shares Tumble 7% To Hit 52-Week Low
Shares of Dabur India Ltd. tumbled over 7% on Thursday, April 3, following the company’s quarterly business update
Read full ArticleStock Market Today Live Updates: Trump Tariffs: India's Auto Sector To Benefit Indirectly?
While some segments of the Indian auto sector stand to gain, others face increased challenges due to higher costs and trade barriers
Read full ArticleStock Market Today Live Updates: Nifty IT Falls 3% On Growth Concerns Post-Trump Tariff; Mphasis, Coforge Down 8%
The Nifty IT index plunged nearly 3% in early trading on April 3 after US President Donald Trump imposed a sweeping 26% tariff on all Indian exports.
Read full ArticleStock Market Live Updates: Indus Towers Likely To Gain As Govt Eases Voda Idea's Financial Burden
Tower infrastructure firm Indus Towers stands to gain the most from Vodafone Idea’s improved cash flow, following the government’s decision to convert telecom firm’s spectrum dues into equity.
By easing Vi’s financial burden, the move enables the telco to secure Rs 25,000 crore ($3 billion) in debt funding, which will fuel its network expansion. This, in turn, is expected to drive higher tenancy growth and higher margins for Indus Towers, making the development a materially positive event for the company.
The company has already announced a three-year capex plan of $6.6 billion, which is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in critical markets, and expanding 4G network capacity. It has already launched 5G in Mumbai and will soon launch 5G in Delhi, Bengaluru, Chandigarh, Patna, and Chennai.
Stock Market Today Live Updates: Dabur shares tumble 7% post Q4 update
The company said, during Q4, rural continues to be resilient and grew ahead of urban markets. In terms of channels, organised trade including Modern trade, E-commerce and Quick commerce maintained their growth momentum, while General trade continued to be under pressure. Overall, FMCG volume trends continued to be subdued during the quarter.
Key international markets, including the MENA region, Egypt, and Bangladesh, are likely to post strong performance, leading to robust double-digit growth in constant currency terms for the International business.
Stock Market Live Updates: Chemical Stocks Like SRF, Navin Fluorine Fall Up To 4% On US Market Exposure
Shares of Indian Chemical companies, SRF Ltd., Navin Fluorine Ltd., Galaxy Surfactants Ltd. and PCBL, fell up to 6% on Thursday, April 3, after US President Donald Trump’s reciprocal tariff announcements.
Stock Market Live Updates: Tariffs raise recession risks in US, put Fed in tight spot: VK Vijayakumar
United States President Donald Trump had declared April 2 as “liberation day” for the country; he announced extensive tariffs targeting most nations at an event held at White House Rose Garden on the day. These measures will take effect on April 9, with a baseline tariff of 10 per cent starting from April 5.
The tariffs are comprehensive, affecting all countries. India faces a 26 per cent tariff, which is comparatively lower than the rates imposed on other countries. While the 26 per cent tariff on India is higher than anticipated, its impact on the Indian economy is expected to be limited.
Stock Market Today LIVE Updates: Indian Rupee opens at 85.73/$; Slips 22 paise
The Indian Rupee experienced its weakest opening in nearly a month following US President Donald Trump’s announcement of reciprocal tariffs, raising concerns over potential disruptions to trade and supply chains.
The currency opened 22 paise lower at 85.73 against the US dollar, compared to its previous close of 85.51 on Friday, as per Bloomberg data. This marks the Rupee’s worst opening since March 10 of this year. Over the last two trading sessions, the currency has depreciated by 28 paise amid fears of escalating global trade tensions.
Stock Market Today Live Updates: Tata Motors Shares Fall
Tata Motors shares fall as auto levies take effect today
Stock Market LIVE Updates: Gland Pharma, Sun Pharma, Other Pharma Stocks Gain Up To 15% After Exemption From Trump's Tariffs
Shares of Indian pharmaceutical companies with notable exposure to the US market, including Gland Pharma Ltd., Aurobindo Pharma Ltd., Dr. Reddy’s Laboratories Ltd., and Sun Pharma Ltd., surged by up to 15% on Thursday, April 3, following US President Donald Trump’s failure to announce any specific reciprocal tariffs targeting the pharma sector.
Read full ArticleStock Market LIVE Updates: Sensex Opens 500 Points Lower, Nifty At 23,190; IT Down 2%; Pharma Gains 4%
Indian stock markets were weaker at market open on Thursday, after US President announced a tariff rate of 26 per cent on imports into the US from India
Stock Market LIVE Updates: Rupee opens 0.27% lower at 85.73 per US dollar
Stock Market LIVE Updates: Nifty down over 270 points, below 23,150
Stock Market LIVE Updates: Sensex down over 2000 points, below 74,500 in pre-open
Stock Market Today Live Updates: Nifty Technical Outlook
“While Nifty formed an inside bar candlestick pattern yesterday, 38 per cent of Nifty 500 stocks rose above Tuesday’s high, an indication that broader market’s risk appetite is on the rise again. Incidentally this was one of the premises that had prompted us to root for a reversal yesterday from 23,137, despite the declines in the previous days. We eye a continued ascent to 23,450, but inability to float above 23,270 after initial volatility could see slippages towards 23,050-22,960. But as maintained yesterday, penetration of this region may not revive calls for a crash to 21,800 right away, as 22,730-650-522 appear well equipped to fend off large downside attempts for now.’
Views By: Anand James, Chief Market Strategist, Geojit Investments Limited.
Stock Market Today Live Updates: Safe-Haven Gold Hits Record High
Gold surged to an all-time high on Thursday as investors flocked to safe-haven assets in response to US President Donald Trump’s announcement of unexpectedly aggressive tariffs on key trading partners, further escalating the global trade conflict.
Spot gold rose 0.4 per cent to $3,145.93 per ounce at 0018 GMT, following a record peak of $3,167.57 earlier in the session. Meanwhile, US gold futures edged up by 0.1 per cent, reaching $3,170.70.
Stock Market Today Live Updates: PNB Shares In Focus Today
PNB reported strong growth in Q4, with global business rising 1.6% QoQ and 14% YoY to Rs 26.83 lakh crore, driven by a 2.4% QoQ and 14.3% YoY increase in global deposits to Rs 15.66 lakh crore, while global advances grew 0.6% QoQ and 13.6% YoY to Rs 11.17 lakh crore.
Stock Market Updates: India Stands Less Impacted Than Rivals: ASSOCHAM
Tariffs unveiled by President Trump last night would bring a major realignment in global trade and manufacturing value chains. India has been placed somewhere in the middle of the tariff rates at 26 per cent in addition to 10% baseline duties, which needs to be assessed for real impact”, said ASSOCHAM President Sanjay Nayar.
”Net-net, it appears India’s export competitiveness to the US market stands far less impacted on a relative basis. Yet our industry should make concerted efforts to increase export efficiency and value addition, to mitigate impact of these tarriffs” he said.
Nayar also added that since most of American trading partners have planned to levy reciprocal tariffs, no country gets a winning advantage while consumers may end up paying more leading to inflationary pressures”. While we wait and watch for global reaction, for India the way forward could be a quick preferential trade deal keeping in view that President Trump still respects leadership of PM Modi”, he said, adding that India Inc would work closely with the government towards this matter.
Stocks To Watch Today: HDFC Bank, BEL, Maruti Suzuki, Bharti Airtel, Reliance, And Others
Shares of HDFC Bank, BEL, Maruti Suzuki, Bharti Airtel, Reliance, And Others will be in focus today, i.e. April 03.
Read full ArticleStock Market Today Live Updates: Tariffs A Catalyst For World Trade To Unite Against The US
Ambareesh Baliga, said: “The imposition of a 26 per cent reciprocal tariff on India by US President Donald Trump was largely anticipated, aligning closely with the 25 per cent rate that markets had predicted just days earlier. In this regard, the announcement was in line with expectations.
However, there had been some hope that India might secure milder tariffs or additional concessions, which ultimately did not materialise, leaving many disappointed.
On a brighter note, the 26 per cent tariff on India is comparatively lower than those imposed on other manufacturing economies, such as China at 34 per cent, Vietnam at 46 per cent, and Cambodia at 49 per cent.”
Stock Market Today Live Updates: Auto, Pharma, IT Sectors In Focus Post Tariff Announcements
Ankur Sharma, Market Analyst, VT Markets, said: “The announcement of reciprocal tariffs by President Donald Trump on India, Japan, and other nations is a significant development in global trade, particularly for emerging economies like India. These tariffs, aimed at counteracting high import duties imposed by these countries on US goods, will have both short-term and long-term implications for India’s economy, trade relations, and currency markets. The US has announced a 25% tariff on imported automobiles and auto parts, effective April 2 for cars and light trucks, and May 3 for auto parts Shares of the top US automakers fell sharply in after-hours trading on the announcement, with General Motors down more than 7%, Ford off 4.6% and Stellantis lower by 4%.”
Shares of Asian automakers also fell during trading on Thursday. Japanese automakers Nissan, Toyota and Honda are closing down 2.2%, 2.7% and 3%, respectively. In South Korea, Hyundai Motor and Kia both fell about 4%, he added.
“Now if we consider the Indian Market so Tata Motors, Parent company of Jaguar Land Rover (JLR), which exports vehicles to the U.S, experienced a 5% decline following the tariff announcement. Sona Comstar also faces a 4% drop. Nifty Index declined by 1.2%, reflecting concerns. India has historically also charged a 100 per cent tariff on US motorcycles, which it reduced to 30-40 per cent in 2018, while the US charges a 2.4 per cent tariff on Indian motorcycles.”
“We can even expect a high impact on the Pharma industry. While specific tariff percentages have not been detailed, the US is a significant market for Indian pharmaceutical exports. Increased Tariffs potentially lead to a decline in export revenues.”
“Another Sector that will be highly impacted by this is IT. The US has indicated potential tariffs on IT services, a sector where India has substantial exports,” Sharma explained.
“The US reciprocal tariffs are set to have a multifaceted impact on India’s economy, with significant effects on key export sectors and associated industries. The magnitude of these impacts will depend on the duration of the tariffs and the ability of Indian industries to adapt to the evolving trade landscape,” Sharma said.
Stock Market Today Live Updates: Sun Pharma, Gland Pharma, Other Pharma Stocks In Focus After Exemption From Trump's Tariffs
Shares of Indian pharmaceutical companies with significant exposure to the US market, such as Gland Pharma Ltd., Aurobindo Pharma Ltd., Dr. Reddy’s Laboratories Ltd., and Sun Pharma Ltd., are expected to be in focus on Thursday, April 3, following US President Donald Trump’s lack of specific reciprocal tariff announcements concerning the pharma sector.
Stock Market Today Live Updates: Steel, Copper Exempted From Trump Tariffs
Steel, copper, bullion, energy, and certain other minerals that aren’t available in the US have also been exempted from the latest tariff announcements.
Stock Market Updates: Pharma Exports Exempted From Trump's Tariffs
Pharma exports have been exempted from the reciprocal tariffs, giving relief to Indian pharma companies such as Sun Pharma, Dr Reddy’s and Aurobindo Pharma, whose revenue from the US comprises 33%, 48.5% and 48.3%, respectively.
Stock Market Today Live Updates: Global Market Sink
Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world’s largest economy, upending trade and supply chains.
Nasdaq futures tumbled 4 per cent and in after-hours trade some $760 billion was wiped from the market value of Magnificent Seven technology leaders. Apple shares, hit hardest as the company makes iPhones in China, were down nearly 7 per cent.
S&P 500 futures fell 3.3 per cent, FTSE futures fell 1.8 per cent, while European futures fell nearly 2 per cent.
In early trade in Tokyo, the Nikkei was down 3.9 per cent at an eight-month low, with nearly every index member falling as shippers, banks, insurers and exporters copped a beating.
Benchmark 10-year Treasury yields shot down 14 basis points to a five-month low of 4.04 per cent as investors braced for slower US growth, while interest rate futures priced in a higher chance of interest rate cuts in the months ahead.
Stock Market Today Live Updates: Trump's Tariff On India
The US imposed a whopping 26% tariff on Indian goods, part of a sweeping shake-up of global trade rules that ditches a system in place for over 75 years.
Stock Market Today Live Updates: GIFT Nifty Indicates A Start Near 23,000 For Nifty On April 3
Stock Market Today Live Updates: GIFT Nifty Futures Down
At 7:18 AM, GIFT Nifty Futures were down 286 points at 23,153, indicating a gap-down start. In the previous session, Sensex gained 592.93 points (0.78 per cent) to close at 76,617.44, while Nifty50 rose 166.65 points (0.72 per cent) to settle at 23,332.35.
Stock Market Today Live Updates: Indian Stock Market Triggers Today
Weak global cues, triggered by US President Donald Trump’s higher-than-expected tariff announcement, coupled with the Nifty F&O expiry and foreign institutional investors (FII) activity, are likely to influence the mood of Indian benchmarks, Nifty50 and Sensex, today.
Stock Market Today Live: GIFT Nifty Points To A Gap-Down Start After Trump Tariff Announcements
Sensex and Nifty are braced for a roller coaster session on Thursday, April 3, as US President Donald Trump announced sweeping reciprocal tariffs for as many as 60 countries, including India, in the early hours of the day, Indian time.