Stock Market Live Updates: Sensex Plunges 600 Points, Nifty Drops to 23,500; IT Stocks Decline 1%

Stock Market Live Updates: By 2 PM, the Indian stock market erased all early gains and slipped into the red, with the Sensex plunging 565.50 points (0.72%) to 77,451.69 and the Nifty 50 declining 130.55 points (0.55%) to 23,538.10. The downturn came after investors engaged in profit-booking amid uncertainty over US tariff policies. Weak global cues and sectoral declines, particularly in IT and metal stocks, added to the selling pressure.

Indian benchmark indices witnessed a choppy start of Wednesday's trading session. Nifty 50 opened 0.13% higher at 23,700 points only to fall from its opening mark thirty minutes later. BSE Sensex was higher at 78,066.47 points during the opening trade, but dropped by 100 points nearly thirty minutes later.

Gift Nifty indicates a positive start of the Indian stock market on Wednesday, a day after NSE and BSE closed flat in trade on Tuesday. The Indian equity benchmark indices BSE Sensex and Nifty50 ended flat on Tuesday, March 25, after paring gains made during past seven sessions. BSE Sensex hit an intraday high of 78,741.69 to close at 78,017.19 points, whereas Nifty50 closed nominally higher at 23,668.65 points.

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Global markets showed varied performance on Tuesday, as Chinese markets declined following a strong rally on Wall Street. The rally was driven by expectations of relaxations on Donald Trump's administration's upcoming tariffs next week.
Meanwhile, the German DAX rose 0.5% to 22,964.34, whilst the French CAC 40 increased 0.7% to 8,078.73.

US stock market closed on a higher note on Tuesday, a trend continued after US President Donald Trump has hinted of some relaxation on trade tariffs set to come into effect on April 2.

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Dow Jones Industrial Average ended nominally higher at 42,587.50 points on Tuesday. S&P 500 rose 0.16% higher at 5,776.65 points, and Nasdaq Composite soared 0.5% and closed at 18,271.86 points.

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