Representative image | Photo Credit: Reuters
Stock markets moved to a telpin on Tuesday (April 1, 2025), with a benchmark Sensex selling in IT with a decline of 1,390 points and in private bank shares, on April 2, the US increased uncertainty for the rollout of mutual tariffs by the US on 2 April.
Starting the new financial year on the losers, the 30-shyer BSE Sensx arranged at 1,390.41 points or 1.80% 76,024.51, as its 28 components were reduced and only two advanced. During the day, the index fell from 1,502.74 points or 1.94% to 75,912.18.
The NSE Nifty fell 353.65 points or 1.50% to 23,165.70. Major indices logged into its single-day loss in a month.
US President Donald Trump plans to roll a set of mutual tariffs on 2 April, which will be “Mukti Day” for the US.
From Sensx Pack, HCL Tech, Bajaj Finserv, HDFC Bank, Bajaj Finance, Infosys, Titan, ICICI Bank, Sun Pharma, Reliance Industries, Larsen and Tubro, Tech Mahindra and NTPC were among the largest legords.
Among the beneficiaries, IndusInd Bank jumped over 5%, while Zomato finished more marginally.
Vinod Nair, head of the research of Geojit Investments Limited, said, “globally increased global instability of American mutual tariff declaration increased, the domestic market today saw an important sales.”
“The IT sector was one of the most difficult hits due to adequate risk in the US market, and the real estate share fell after amendment of the prepared reservoir rates of Maharashtra, which affects the assessment of the property,” Mr. Nair said.
In other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in positive areas. Markets were also doing more business in Europe. The American markets were mostly high on Monday (March 31, 2025).
Additionally, rising oil prices further reduced the market spirit, he said.
According to exchange data, foreign institutional investors (FII) on Friday (March 28, 2025) launched the price of 4,352.82 crores on a pure basis.
The stock markets were closed on Monday (March 31, 2025) for Eid-ul-Fitr.
Global Oil Benchmark Brent crude rose 0.12% percent to $ 74.86 per barrel.
In the 2024-25 financial year, Sensx jumped 3,763.57 points or 5.10%, and the Nifty climbed 1,192.45 points or 5.34%
On Friday (March 28, 2025), Sensex fell by 191.51 points or 0.25 percent, settling at 77,414.92. The Nifty fell 72.60 points or 0.31 percent to 23,519.35.
Published – April 01, 2025 05:04 pm IST