Stock market close highlights: Sensex dips 322pts, Nifty at 23,250 on Trump's 27% tariffs; IT tanks

Sensex Today | Stock Market Highlights: Pharma shares, however, were the top performers, with the Nifty Pharma index rising over 2.25 per cent

3:44 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The market’s measured response to the US tariffs reflects expectations of ongoing trade discussions between India and the US, as well as the possibility of higher tariffs impacting other countries more significantly, limiting the impact on Indian exports.

 

From a technical perspective, traders should closely monitor the 20-day exponential moving average (DEMA) at 23,100. A break below this level could intensify selling pressure, potentially dragging the index toward 22,800. Conversely, holding above this level would likely sustain the range-bound movement. Amidst this consolidation, selective pockets across sectors are showing strength. Until a clear directional move emerges, the focus should remain on stock-specific opportunities.

View by Ajit Mishra – SVP, research, Religare Broking Ltd.

3:43 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The domestic market initially showed signs of recovery but ended with modest losses after the announcement of a relatively lower 27 per cent 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.

View by Vinod Nair, head of research, Geojit Investments Limited.

3:42 PM

Stock Market LIVE Updates: Broader market indices edge higher at close

Stock Market LIVE Updates: BSE Smallcap and Midcap indices closed with gains.

3:39 PM

Stock Market LIVE Updates: IT stocks drag Sensex at close

Stock Market LIVE Updates: TCS, HCLTech, Tech Mahindra were among the top losers on Sensex. 

3:36 PM

Stock Market LIVE Updates: Nifty closed at 23,250.10, down 82 pts

Stock Market LIVE Updates: NSE Nifty50 closed at 23,250.10, down 82.25 points or 0.35 per cent. 

3:34 PM

Stock Market LIVE Updates: Sensex closed 322 pts lower at 76,295.36

Stock Market LIVE Updates: BSE Sensex settled 322.08 points or 0.42 per cent lower at 76,295.36. 

3:28 PM

Stock Market LIVE Updates: US futures tumble after US imposes on trading partners; Dow futures down 1000 pts

Stock Market LIVE Updates: US futures slipped after President Donald Trump announced reciprocal tariff on trade partners. Last seen, Dow futures were down 2.6 per cent, S&P futures were down 3.23 per cent and Nasdaq futures were down 3.59 per cent. 

 

 

3:23 PM

Stock Market LIVE Updates: Dabur tumbles over 7% on lacklustre Q4 update; Stock trades at 4-year low

Stock Market LIVE Updates: Shares of Dabur India tumbled over 7 per cent on Thursday to see the worst in over six months as their volume continued to be flattish during the final quarter of the previous financial year. 

 

Dabur's stock fell as much as 7.57 per cent during the day to ₹458.2 per share, the worst intraday fall since October 2, 2024. The stock pared some losses to trade 6 per cent lower at ₹465.65 apiece, compared to a 0.29 per cent decline in Nifty 50 as of 2:06 PM. Shares hit a four-year low during the session to trade at the lowest level since July 2020. Read more 

3:13 PM

Stock Market LIVE Updates: Near term market volatility is expected: Axis Securities

Market volatility is expected to remain elevated in the near term due to the extent of the tariffs, which have surpassed market expectations. These measures are inherently inflationary and could complicate the US Federal Reserve’s monetary policy trajectory. Furthermore, any escalation in trade disruptions may heighten recessionary risks in the US, leading to a broader slowdown in global economic activity.

 

Given the significant influence of the US economy on global financial markets, short-term sentiment is likely to be impacted. However, we see this volatility as an opportunity. 

View by Axis Securities.

3:02 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark equity indices are trading lower on Thursday, after US President announced a tariff rate of 27 per cent on imports into the US from India.

 

At 3 PM, the BSE Sensex was lower by 298.65 points, or 0.39 per cent, at 76,318.79, and the Nifty 50 was at 23,253.70, behind by 78.65 points, or 0.34 per cent.

2:52 PM

Stock Market LIVE Updates: Donald Trump's tariff shocker can be India's chance at trade reform

Stock Market LIVE Updates: Donald Trump’s “Liberation Day” package of tariffs is being interpreted in India in three different ways.

The immediate reaction is relief mixed with schadenfreude: At 26 per cent, the tax on India is not the slap on the wrist that diplomats in New Delhi would have hoped for, especially after making concessions to Elon Musk’s Tesla Inc., and Starlink Inc., as well as to Alphabet Inc. and Meta Platforms Inc. But it’s at least less severe than China’s 34 per cent and Vietnam’s 46 per cent.
 

The second view, popular among geopolitical analysts, is that this is nevertheless a betrayal of an important ally: Is it fair to be punished like this for agreeing to be America’s bulwark in Asia against China’s rising dominance? READ MORE

 

2:42 PM

Stock Market LIVE Updates: Here are 5 IT stocks that you can still bet on despite US recession fears

Stock Market LIVE Updates: Indian IT stocks faced substantial selling pressure on Thursday, April 3, following US President Donald Trump's announcement of "reciprocal tariffs" targeting key trading partners, aimed at correcting trade imbalances and promoting domestic manufacturing in the United States.

 

Concerns over potential inflationary pressures and slower economic growth in the US led investors to offload shares in India's technology sector, which has significant exposure to the US market. The Nifty IT index tumbled nearly 5 per cent, hitting an intraday low of 34,642.40. All 10 components of the index were trading deep in the red, with losses reaching up to 10 per cent. Given this, Sumit Pokharna, vice president for fundamental research at Kotak Securities, suggests investors bet on IT stocks, including Infosys, TCS, TechM, Coforge, and Indegene, from a long-term perspective. READ MORE

 

2:32 PM

Stock Market LIVE Updates: Kirloskar Oil up 5% on bagging marine diesel engine order from Indian Navy

Stock Market LIVE Updates: Kirloskar Oil Engines shares climbed 4.9 per cent during Thursday's trading session, reaching an intraday high of ₹765.5 per share on the BSE. The surge in demand came after the company secured a project sanction order under the Make – I initiative to design and develop a 6MW Medium Speed Marine Diesel Engine for the Indian Navy.

 

By 1:40 PM, the stock had moderated slightly but was still trading 2.7 per cent higher at ₹748.9 per share on the BSE. In contrast, the BSE Sensex was down by 0.34 per cent, standing at 76,484.7. Kirloskar Oil Engines had a market capitalisation of ₹10,872.47 crore at the time. The stock's 52-week range spans a high of ₹1,450 per share and a low of ₹544.15 per share. READ MORE

 

2:22 PM

Stock Market LIVE Updates: Spinaroo Commercial IPO closes today; subscription lags at 55%. GMP nil

Stock Market LIVE Updates: The initial public offering (IPO) of Spinaroo Commercial, a manufacturer of aluminum foil containers, is set to close today, April 3, 2025. The public issue, which opened on Friday, March 31, 2025, has so far seen limited interest from investors. According to BSE data, the SME IPO had only been subscribed by 0.55% as of 11:10 AM on Thursday, April 2, 2025.

 

The subdued sentiment extended to the grey market, where Spinaroo Commercial's unlisted shares were trading flat at ₹51 per share, as reported by sources monitoring unofficial trading activity. Consequently, the grey market premium (GMP) for the IPO remains at zero as of April 3. READ MORE

2:11 PM

Stock Market LIVE Updates: Avanti Feeds, Apex Frozen bleed up to 18 per cent on Trump's 27% reciprocal tariff

Stock Market LIVE Updates: Shrimp stocks faced a steep decline on Thursday, April 3, 2025, with shares of Avanti Feeds and Apex Frozen Foods plunging during intraday trading on the BSE.

Avanti Feeds saw its stock drop by 18.27 per cent, hitting an intraday low of ₹727, while Apex Frozen Foods recorded a decline of 6.34 per cent, reaching ₹202.25 per share.
 

The sharp fall was triggered by the 27 per cent reciprocal tariff imposed on Indian goods by US President Donald Trump. According to InCred Equities, the tariff, combined with the existing 45 per cent cumulative rate (including Anti-Dumping Duty (ADD) and Countervailing Duty (CVD)), has significantly increased the cost of Indian shrimp in the US market, posing a serious threat to exports from India. READ MORE

 

2:02 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark equity indices are trading lower on Thursday, after US President announced a tariff rate of 27 per cent on imports into the US from India.

At 2 PM, the BSE Sensex was lower by 310.43 points, or 0.41 per cent, at 76,307, and the Nifty 50 was at 23,262.45, behind by 69.90 points, or 0.30 per cent.

 

1:53 PM

Stock Market LIVE Updates: Navin Fluorine, SRF, GFL, UPL tumble upto 6.5%: Top reasons behind the fall

Stock Market LIVE Updates: Chemical stocks like Navin Fluorine, SRF, Gujarat Fluorochemicals (GFL), Deepak Nitrite, UPL, and several others were under pressure on Thursday, April 3, 2025, as these scrips tumbled up to 6.5 per cent in intraday trading on BSE.

 

The decline in chemical stocks followed the announcement of new tariffs by US President Donald Trump, who imposed a 27 per cent tariff on all imports from India. READ MORE

1:42 PM

Stock Market LIVE Updates: Why Page Ind, Arvind & others rallied up to 18% after US levied tariffs?

Stock Market LIVE Updates:  Page Industries, Welspun Living, Arvind Ltd shares jumped up to 18 per cent on Thursday, April 3, 2025, after the US imposed 27 per cent 'discounted reciprocal tariff' on Indian goods. According to industry experts, US President Donald Trump's tariff imposition decision gives India’s textile industry a competitive edge as its competitors like Vietnam, Bangladesh and China will face higher tariffs. READ MORE

 

1:31 PM

Stock Market LIVE Updates: Portfolio rejig? What Trump's tariff order means for your investments

Stock Market LIVE Updates:  The Indian stock market moved cautiously on Thursday amid a global sell-off as investors weighed the impact of US President Donald Trump’s wave of reciprocal tariffs, which threaten trade and supply chains.

 

In this backdrop, analysts suggest investors tilt their portfolios towards defensive stocks, expecting them to provide stability and shield investors from geopolitical and tariff risks. READ MORE

 

1:22 PM

Stock Market LIVE Updates: Pharma stocks that you can keep in your portfolio despite US tariff woes

Stock Market LIVE Updates: Global brokerage firm BNP Paribas has identified Torrent Pharmaceuticals and JB Chemicals and Pharmaceuticals as key investment opportunities in the pharmaceutical sector following the industry's exemption from reciprocal tariffs imposed by US President Donald Trump.

On April 2, Trump announced new reciprocal tariffs targeting several trading partners, including a 27 per cent "discounted reciprocal tariff" on imports from India. However, a White House fact sheet clarified that the pharmaceutical sector would be exempt from these elevated tariffs.
 

Tausif Shaikh, India analyst for pharma and healthcare at BNP Paribas, described the exemption as a positive outcome, noting there were no unexpected negative developments. READ MORE

 

1:10 PM

Stock Market LIVE Updates: Infosys, TCS: Nifty IT slips 3% amid recession fears as US imposes tariff

Stock Market LIVE Updates: Information technology (IT) stocks faced a sharp decline during Thursday's trading session following the imposition of 'reciprocal tariffs' on all trading partners by US President Donald Trump. The Nifty IT index dropped 3.5 per cent, hitting an intraday low of 34,990.55. The decline was fueled by recession fears and heightened tariffs of over 30 per cent on manufacturing hubs like China and Taiwan.

 

According to Reuters, the White House imposed a 34-percentage-point tariff increase on China, raising the total levies on Chinese exports to 54 percentage points.

As of 10:55 AM, all 10 constituents of the Nifty IT index were trading in the red. Notable declines included Persistent Systems, which plunged 8.23 per cent, and Coforge, down 5.84 per cent. READ MORE

 

1:02 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark equity indices are trading lower on Thursday, after US President announced a tariff rate of 27 per cent on imports into the US from India.

At 1 PM, the BSE Sensex was lower by 271.72 points, or 0.35 per cent, at 76,345.72, and the Nifty 50 was at 23,270, behind by 62.30 points, or 0.27 per cent.

 

12:57 PM

Stock Market LIVE Updates: Trump tariff impact: Brace for exchange rate wars too, says Madan Sabnavis

Stock Market LIVE Updates: When evaluating the impact of the new US tariff policy, three key considerations emerge. First, it is essential to assess whether higher tariffs will encourage increased domestic production in the US. If local production has been constrained by cost factors, these tariffs could provide a boost. However, this would likely come at the expense of higher inflation.

Second, the comparative tariff rates imposed on different countries play a crucial role. India must analyse its position relative to competitors benefiting from lower tariffs under the new framework.
 

Third, the capacity of smaller nations to scale up and replace other exporters is a critical factor. This raises the question of whether these countries possess the resources and infrastructure necessary to significantly expand their export capabilities. READ MORE

 

12:48 PM

Stock Market LIVE Updates: Trump's 27% tariff on Indian exports: Who gains and who takes the hit?

Stock Market LIVE Updates: On Thursday morning (IST), US President Donald Trump unveiled extensive reciprocal tariffs, imposing a 27 per cent levy on all goods imported from India. While this move is anticipated to disrupt several major Indian industries, it may also create unforeseen opportunities for certain sectors as the trade dynamics shift.

 

India's key exports to the US consist of pharmaceuticals, telecom equipment, gemstones, petroleum products, gold jewelry, and ready-made cotton garments. On the import front, significant commodities include crude oil, coal, petroleum products, electrical machinery, and aerospace components. READ MORE

 

12:34 PM

Stock Market LIVE Updates: 'Tariffs pose risk, specifically for Indian exporters in IT and textile sectors'

Stock Market LIVE Updates: Donald Trump announced new tariffs. These include reciprocal tariffs on countries such as India, China, Brazil, Japan, the European Union and other key trading partners. Trump said the US reciprocal tariffs aim to promote manufacturing in the US and provide Americans a level playing field against other countries. Trump has announced a 10 per cent baseline tariff on all countries. 

For India, the US President announced 27 per cent reciprocal tariffs on all goods and services imported to the States. These include seafood, processed food, sugar, cereals, vegetables, fruits, spices, dairy products, Edible oils, minerals, gems, stones, electrical, telecom, electronics, chemicals, textiles, fabrics, rubber products, etc.

While specific goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United State.

The ramifications of Trump's proposed 27 per cent reciprocal tax on Indian imports in April 2025 will be felt across infrastructure, business, and the economy of India as a whole. While it is true that of most domestic businesses will be insulated from the impact, it is certain that the US dominated markets will witness severe disruptions in the US markets. This policy also poses Indian businesses an immediate risk, specifically Indian exporters in the IT and textile sectors that depend on the US market for business. 

This will directly impact the supply chain dependencies and the competitiveness of several Indian exports. Though these changes are alarming, they also show the need for India to change its export focus and examine its trade policies. The outcome will rely on the strategies formulated by the Indian government and the initiative taken by the businesses along with the US-India trade relations in the future."

Views by: Palka Arora Chopra, Director, Master Capital Services

 

12:22 PM

Stock Market LIVE Updates: Bharat Forge, Balkrishna Industries tank up to 6% on Trump's 25% auto tariff

Stock Market LIVE Updates: The auto sector experienced significant declines, with several stocks falling by as much as 6 per cent during intraday trading on the National Stock Exchange (NSE).

The Nifty Auto index, which represents the performance of automobile stocks, dropped 1.46 per cent, reaching an intraday low of 21,095 points.

This sharp downturn was triggered by the implementation of a 25 per cent tariff on all cars and auto parts imported into the United States that are not produced domestically. The tariff, which came into effect on April 3, 2025, has directly impacted Indian automakers and exporters, many of whom supply vehicles and components to the US market. READ MORE

 

12:12 PM

Stock Market LIVE Updates: 'RBI aims to stabilise financial markets, shield economy from global uncertainties'

Stock Market LIVE Updates: "The reciprocal tariff imposed by President Trump may dampen India's external demand. With GDP growth already slowing, this could further strain economic performance. The Reserve Bank of India (RBI) had lowered the policy repo rate to 6.25 per cent in February and subsequently injected durable liquidity into the banking system to support growth. By maintaining surplus liquidity and ensuring robust credit flow, the RBI aims to stabilise financial markets and shield the economy from global uncertainties, such as trade tensions. This supportive stance promotes sustainable growth domestically while mitigating external pressures. We anticipate further rate cuts and continue positive liquidity measures, reflecting the RBI's commitment to resilience and growth."

Abhishek Bisen, head-fixed income, Kotak Mahindra AMC 

 

12:02 PM

Stock Market LIVE Updates: 12 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Indian benchmark equity indices are trading lower on Thursday, after US President announced a tariff rate of 26 per cent on imports into the US from India.

 

At 12 PM, the BSE Sensex was lower by 204.19 points, or 0.27 per cent, at 76,413.25, and the Nifty 50 was at 23,288.70, behind by 43.65 points, or 0.19 per cent.

11:54 AM

Stock Market LIVE Updates: No tariff roll back? Stock markets may test recent lows, warns Gaurav Dua

Stock Market LIVE Updates: The imposition of reciprocal tariffs is expected to introduce significant global uncertainties, disrupting international trade and impacting economic growth and equity markets worldwide.

For India, the tariff rate is set at 27 per cent, slightly above market expectations. However, a notable advantage lies in the fact that India faces lower tariffs compared to several Asian competitors, including China, Vietnam, Bangladesh, and South Korea, which are key rivals in the export market. This relatively lower tariff positions India more favorably.

Additionally, the pharmaceutical sector—an essential contributor to India’s export economy—has been excluded from these tariffs, which is a positive development. READ MORE

 

11:43 AM

Stock Market LIVE Updates: India to navigate tariffs safely; US to face recession risk, say brokerages

Stock Market LIVE Updates: India is anticipated to "safely" manage the tariff challenges introduced by US President Donald Trump and could potentially gain from the setbacks faced by China, according to analysts at Bernstein.

The Trump administration has implemented reciprocal tariffs targeting nations with significant trade deficits with the US, alongside a baseline 10 per cent tariff on all trading partners.
 

India faces a 27 per cent tariff on its exports to the US, which is higher than the 20 per cent imposed on the European Union, 24 per cent on Japan, and 25 per cent on South Korea, among others. READ MORE