Sensx packs, Tata Motors, Tata Steel, Larsen and Toubro, Reliance Industries, Maruti Suzuki India, IndusInd Bank, Infosys, HCL Technologies, NTPC, Tech Mahindra, Sun Pharmaceutical Industries and Adani Ports were among the Lagards. File | Photo Credit: Hindu
The Benchmark Equity Indege Sensx and Nifty ruled on Friday (April 4, 2025) on the apprehensions of global trade war as a wide tariff salvo of US President Donald Trump due to heavy sales in metal, oil and gas shares. In addition, the outflow of foreign funds has also affected the investor’s spirit.
The 30-Chair BSE Sensex dropped from 591.05 points or 0.77% to 75,704.31 in the morning trade. The broad NSE Nifty declined by 202.55 points or 0.87%.
Trump’s mutual tariff: There is a complete list of targeted countries here
Sensx packs, Tata Motors, Tata Steel, Larsen and Toubro, Reliance Industries, Maruti Suzuki India, IndusInd Bank, Infosys, HCL Technologies, NTPC, Tech Mahindra, Sun Pharmaceutical Industries and Adani Ports were among the Lagards.
Conversely, HDFC Bank, Bajaj Finance, Bharti Airtel, Mahindra and Mahindra, Kotak Mahindra Bank, ICICI Bank, Nestle India and Hindustan Unilever Gainers were Gainers.
“The market is to undergo uncertainty, which is likely to last for some time. A trade war is triggered by Donald Trump and China, the European Union and others by retrenching tariffs. This will only expand the duration of uncertainty and confusion in the market,” said the main investment strategist of Jiojit financial services, VK Vijayakumar.
Vijaykumar further said, “It seems that the fall in global trade and the decline in global growth is indispensable in the current context. Decline in global development will also affect India’s development, even though we can do better than other big economies.”
“Investors can wait for dust to settle,” he said. For short term, it would be better to focus on domestic consumption subjects and pharma in externally linked sections. “
Mr. Trump announced 27% “concessional mutual tariff” on India on Wednesday (April 2, 2025), half of the 52% levy levy on American goods by India, as he described India as “very, very difficult”.
In India, the chart showed that the country charged 52% of tariffs in the US, including “including currency manipulation and trade barriers” and the US will now charge 27% “concessional mutual tariffs” of 27%.
In the Asian markets, Tokyo’s Nikkei was trading more than 3% less and Seoul’s cospie decreased by about 2%. Shanghai and Hong Kong’s stock markets remained closed on the occasion of the Kinging Festival. The American markets ended on Thursday (April 3, 2025) in overnight deals and experienced their biggest decline since 2020.
According to the head of HDFC Securities, the head of Devash Vakil, Wall Street Benchmarks slipped on Thursday (April 3, 2025), which ended with a loss of one day percentage in the years, as the comprehensive tariff of Donald Trump lit the fear of an all-time war and global economic slowdown.
The lawyer said on Wednesday (April 2, 2025), President Trump announced Washington’s most difficult trade barriers in more than 100 years, scrambled to investors for security assets, after the sale of the markets after President Trump, Thrueil said.
He said, “Investors will be awaiting the latest assessment of the US economy and any clue on the policy approach after Mr. Trump’s fresh tariff salvo on Friday (April 4, 2025), the US Federal Reserve Chair Jerome Powell’s speech.”
Global Oil Benchmark Brent crude slipped 0.70%. Meanwhile, foreign institutional investors (FII) on Thursday (April 3, 2025) launched a price of ₹ 2,806 crore, while domestic institutional investors (DII) bought shares worth ₹ 221.47 crore on a pure basis.
On Thursday (April 3, 2025), 30-shyer BSE Sensex fell by 322.08 points, closed at 76,295.36, and broad NSE Nifty fell 82.25 points to settled at 23,250.10.
Published – 04 April, 2025 10:56 AM IST