Stock Market Today: Nifty, Sensex Open Lower After Donald Trump’25% Tariff On India; Auto, Bank Top Losers

Stock Market Today: The Nifty and Sensex opened lower on Thursday as investors remained apprehensive following the announcement by United States President Donald Trump of 25% tariffs on Indian imports. All the broad market indices and sectoral indices remained in the red during the first fifteen minutes after the Indian stock market opening.

Nifty 50 opened 212 points lower at 24,642 points, whereas Sensex was down around 786 points at 80,695 points. Nifty Bank also remained under pressure as it opened 422 points lower at 55,728 points.

Stock Market Opening

Nifty 50 and BSE Sensex opened lower with auto, realty, pharma, metal, consumer durables, oil and gas, emerging as the top laggards. Additionally, all the broad market indices were also trading in the red. Nifty Auto was down around more than 1.25% during the stock market opening. Nifty PSU Bank, Realty, Consumer Durables, and Midsmall Financial Services sectors were trading in red by nearly 1.5% lower.

After the dull stock market opening, there are high chances that the market may trade lower given the negative market sentiment prevailing. According to the BSE, nearly 711 stocks were declining, whereas 2060 stocks were declining. Thirty stocks had touched 52-week high and one hundred fifteen stocks have touched a 52-week low mark till 9:30 am.

Stock Market Today: What To Expect From Nifty 50, Nifty Bank?

Nifty 50 is likely to trade in a range-bound manner and may fall further if it dips below a crucial mark, according to the Nirmal Bang brokerage report. "Nifty is expected to open on a gap-down note and is likely to witness range range-bound move during the day. On technical grounds, Nifty has an immediate support at 24570. If Nifty closes below that, further downside can be expected towards the 24500-24440 mark. On the flip side, 24940-25000 will act as strong resistance levels," noted the brokerage in its report.

"Bank Nifty's next immediate support is around 55940 levels on the downside, and on a decisive close below, expect a fall to 55700-55470. There is an immediate resistance at 56470-56700 levels," the brokerage added in its technical outlook.

The negative start of the Indian stock market today has come after the United States President Donald Trump announced that impose 25% reciprocal tariffs on Indian exports. While there were anticipations of lower tariffs by the United States, the recent 25% tariffs on Indian exports has come as a bit of a shocker for the investors. The Indian stock market, which is already in its correction territory, is reacting negatively to the US tariffs.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.