The Indian equity benchmark indices, the Sensex and Nifty 50, opened substantially down on Thursday, following a sell-off in global markets in response to US President Donald Trump's reciprocal tariff announcement. After a muted opening, Nifty 50 continued to struggle in reclaiming its 23,300 mark as it continued to remain under pressure because of poor IT stock performance. BSE Sensex managed to recover its opening losses and was trading nearly 200 points lower later in the day.
Shortly before the US tariff announcements, the Indian stock market closed in a green position on Wednesday, April 2, due to value buying. The BSE Sensex index closed at 76,617.44, up 592.93 points, or 0.78 percent. The NSE Nifty index ended at 23,332.35 after rising 166.65 points(0.72 percent).
US Market Trends:
Amid Trump tariffs announcement, the S&P 500 dropped 37.90 points by 0.67%, to 5,670.97, the Dow Jones dropped 763.62 points, down by 1.81%, to 41,461.70 , and the Nasdaq Composite dropped 151.16 points, or 0.87%, to 17,601.05.
Asian Market Trends:
Asian markets fell 0.3-3% in response to higher-than-expected US tariffs. Ahead of US President Donald Trump's imposition of new tariffs this week, Asian markets saw volatile trading on Wednesday, mirroring a similar pattern on Wall Street. While the Topix fell 0.3%, Japan's Nikkei 225 gained 0.06%. The Kospi in South Korea increased by 0.14%, while the Kosdaq saw a 0.12% gain. Futures for Hong Kong's Hang Seng index pointed to a lower opening.
Fund Flow:
The fund flow data shows that Foreign Institutional Investors (FIIs) have made a net sale of Rs. 1,538.88 crore in equities. In contrast, Domestic Institutional Investors (DIIs) have made a net purchase of Rs. 2,808.83 crore in equities.
Currency Market Update:
Ahead of US President Donald Trump's tariff announcement on Wednesday, the Indian rupee fell five paise against the US dollar. At the end of the day, the local currency remained worth 85.51 USD.
Following US President Trump's tariff announcement, the Indian market is responding accordingly, which is crucial. Moreover, with the earnings season set to begin gradually from mid-April, it will be interesting to observe how various sectors perform in the aftermath.
LIVE Feed
Apr 03, 2025, 3:40 pm IST
Market Outlook Today By Vinod Nair, Head of Research, Geojit Investments Limited
The domestic market initially showed signs of recovery but ended with modest losses after the announcement of a relatively lower 26% tariff on US imports. The IT and auto sectors experienced selling pressure due to US slowdown concerns and disruptions in the supply chain. Conversely, pharmaceutical stocks benefited from being exempt from the tariffs. Nonetheless, robust domestic macroeconomic data and lower crude oil prices aided the broader market performance. Although the tariff presents short-term challenges, India's economic resilience and bilateral trade agreement may help mitigate the overall impact.
Apr 03, 2025, 2:43 pm IST
US Tariff Hike: Which Indian Sectors Are Hit and Which Are Spared?
“With the levy of reciprocal tariffs, the US will now impose a 26% tax on goods entering from India. However, certain sectors are exempt, including auto and auto ancillary, which are already subject to a separate 25% tariff announced in March. This means no additional tariffs will be imposed on this sector. Other exempted segments include copper, pharmaceuticals, semiconductors, critical minerals, and energy products. Since import duties apply to all trading partners, the extent of impact will vary across sectors and countries based on competitive advantages. For the Indian auto component industry, which derives around 30% of its revenue from exports, with 30% of that coming from the US, this could result in a potential hit on sales or profit margins,” said Ms. Mrunmayee Jogalekar, Auto and FMCG Research Analyst, Asit C Mehta Investment Interrmediates Ltd.
“The 26% tariff hike hits Indian exporters hard—particularly MSMEs already grappling with soaring input costs, regulatory pressures, and unpredictable demand. It’s a stark reminder that global trade can shift overnight. Competitiveness now demands more than cost-cutting; it requires rapid adaptation. Exporters must seek cost-effective trade routes, tap into new markets, and weave resilience into every step of their operations. India’s export community has always thrived on ingenuity. This is the moment to regroup, innovate, and rewrite the playbook for a shifting world stage,” said Mr. Sanjay Tripathy, Co-Founder & CEO, BRISKPE.
Apr 03, 2025, 12:51 pm IST
Market Live Updates: Gold Prices At New High
Donald Trump's reciprocal tariffs are finally announced and in place, creating turmoil in the global market, uncertainties in economies and trade war tensions. All of these factors are a sweet symphony for gold prices that extended its gains to hit fresh new all-time highs. MCX gold touched a record Rs 91423 per 10 grams, while 24K gold price hit a fresh lifetime high of Rs 93,380 per 10 grams. With gold already so expensive compared to other investment assets, should investors still buy yellow metal?
Apr 03, 2025, 11:57 am IST
Stock Market Live: Poonawalla Fincorp Shares Up After Q4 Update
Stock Market Live: Poonawalla Fincorp shares were trading nearly 2.5% higher after the company shared a positive Q4 update on Thursday. In its BSE filing, the firm said that its "assets under management (AUM) grew by 42.2% YoY and 14.7% QoQ to approximately ₹ 35,550 crore." on 31st March 2025.
Apr 03, 2025, 11:39 am IST
Stock Market Live: Bajaj Finance Shares Down 1.8%
Stock Market Live: Bajaj Finance shares were trading lower 1.84% on Thursday after CNBC TV 18 reported that the company received a warning from the Reserve Bank of India on co-branded credit cards
Apr 03, 2025, 11:23 am IST
Stock Market Live: Broad Market Indices Under Pressure
Stock Market Live: Broad Market Indices remained under pressure on Thursday as Nifty 100, Nifty 200, Nifty Midcap, Nifty Smallcap, Nifty Vix, etc were trading in red. Nifty Midcap was down by 0.8 per cent whereas Nifty Midcap 50 was down by nearly 0.5 per cent
Apr 03, 2025, 11:14 am IST
Stock Market Live: Samvardhana Motherson, Tata Motors, Other Auto Stocks Down After Trump Tariff Announcement
Stock Market Live: After Donald Trump's tariff announcement on Thursday, Tata Motors, Samvardhana Motherson and other auto stocks extended their losses on Thursday
Apr 03, 2025, 11:04 am IST
Stock Market Live: Coforge, Dabur, Persistent, Avanti Feed among top losers on BSE
Stock Market Live: Coforge, Dabur, Persistent, emerged as the top losers on BSE during Thursday's trading session. Dabur shares were down 6% after muted Q4 update.
Apr 03, 2025, 10:52 am IST
Stock Market Live: Nifty Pharma Up More Than 2% As Trump Exempts Sector
Stock Market Live: All the Nifty Pharma stocks including Sun Pharma, Lupin, Cipla, Zydus Life, Dr Reddy's were trading in green today. US President Donald Trump on Wednesday exempted the pharma sector from the tariffs he imposed
Apr 03, 2025, 10:27 am IST
Stock Market Live: Dabur Shares Tank Nearly 6%
Stock Market Live: Dabur Shares fell nearly 6% after the FMCG giant shared a Q4 update indicating a weak quarterly earnings in the last quarter of financial year 2024-25
Apr 03, 2025, 10:00 am IST
Stock Market Live Updates: IT Stocks Fall Sharply Up To 6%
Shares of India's IT businesses, including Infosys Ltd., TCS Ltd., and Wipro Ltd., fell sharply on Thursday, April 3, after US President Donald Trump imposed reciprocal tariffs on as many as 60 countries worldwide, causing a steep drop in US market futures. The Nifty IT index is the largest sector decline.
Apr 03, 2025, 9:32 am IST
Stock Market Live Updates: Shares of Aurobindo, Lupin, and Gland Pharma Rise Up to 15%
On Thursday, April 3, shares of Indian pharmaceutical companies which have a great deal of exposure to the US, including Sun Pharma Ltd., Aurobindo Pharma Ltd., Gland Pharma Ltd., and Dr. Reddy's Laboratories Ltd., spiked up to 15% after US President Donald Trump did not announce any specific reciprocal tariffs to the pharmaceutical industry.
Apr 03, 2025, 9:14 am IST
Stock Market Live Updates: Maruti Suzuki, South Indian Bank, Dabur Stocks in Focus on April 3
Stocks of Maruti Suzuki, South Indian Banks, Punjab National Bank, Dabur, Bharat Electronics, Kirloskar Oil, Interarch Building, VVIP Infratech, Mahindra Lifespace in focus on 3 April.
Apr 03, 2025, 8:42 am IST
Stock Market Live Updates: Shares of Gland Pharma in Focus
After US President Donald Trump announced reciprocal tariffs on 60 countries, including India, shares of Gland Pharma Ltd. will be the focus on Thursday, April 3, as per experts. Although some industries, such as pharmaceuticals, are temporarily excluded, the US imposed a reciprocal tax of 26% on India.
Apr 03, 2025, 8:29 am IST
Stock Market Live Updates: LME First Quarter Volumes Hit its Highest in 11 years, up 5.9%
The London Metal Exchange (LME) On Wednesday saw its average daily volumes rise by 5.9% in the first quarter of 2025, reaching the greatest quarterly levels in the previous 11 years. According to the exchange, the biggest and oldest industrial metals market in the world, ADV increased to 698,209 lots during the first three months of the year.
Apr 03, 2025, 8:13 am IST
Stock Market Live Updates: US President Donald Trump Imposed Reciprocal Tariffs, Effective From Today
Donald Trump, the President of the United States of America (US) announced sweeping reciprocal tariffs for up to 60 nations, including India in the early morning on Wednesday to benefit the US economy. According to White House spokesperson Karoline Leavitt, a 25% tariff on auto imports will go into force on April 3, and reciprocal tariffs on nations that apply charges on US exports would start as soon as after President Trump's announcement.
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