Stock market close highlights: Sensex sheds 930pts, Nifty at 22,860; Metal shares tank 6%, IT 3%

Sensex Today | Stock Market Highlights: Among the broader basket, small-cap shares were the worst hit, as the Nifty Smallcap100 index ended down by 3.56 per cent

3:49 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The recent implementation of higher-than-anticipated US tariffs has had a significant impact on global markets, triggering a bearish trend as investors assess the broader implications. The likelihood of retaliatory measures against the US has further heightened uncertainty. US bond yields and oil prices are trending downward, reflecting concerns over potential economic slowdown and increased recessionary risks.

 

Domestically, while the direct impact of these tariffs is relatively moderate compared to other major economies, it remains more substantial than initially projected. As Q4 approaches, a sequential improvement in corporate performance is anticipated. However, prevailing weak market sentiment suggests that the phase of consolidation may persist in the near term.

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

3:47 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: The Nifty has given a consolidation breakdown on the daily chart, indicating bearishness. Initially, the index found support at the crucial 22,900 level. However, sentiment remains weak, and a further decline from the current level could trigger additional market correction. On the lower end, if Nifty falls below 22,900, it may move toward 22,676. On the higher end, resistance is seen at 23,100. A move above 23,100 would provide a clear signal for a strong uptrend.

View by  Rupak De, senior technical analyst, LKP Securities.

3:39 PM

Stock Market LIVE Updates: Broader markets end lower

Stock Market LIVE Updates: BSE Midcap and Smallcap ended over 3 per cent lower. 

3:37 PM

Stock Market LIVE Updates: Gainers and losers at close

Stock Market LIVE Updates: Tata Motors, Tata Steel, L&T were among the top laggards on Sensex at close. 

3:36 PM

Stock Market LIVE Updates: Nifty50 settles below 23,000

Stock Market LIVE Updates:  NSE Nifty50 closed at 22,904.45, down 345.65 points or 1.49 per cent. 

3:34 PM

Stock Market LIVE Updates: Sensex settles at 75,364.69, down 930.67 pts

Stock Market LIVE Updates: BSE Sensex closed 930.67 points or 1.22 per cent at 75,364.69. 

3:29 PM

Stock Market LIVE Updates: Union Bank of India announces Q4 business update; shares tank 7%

Stock Market LIVE Updates: Shares of Union Bank of India tanked over 7 per cent on Friday to hit an intraday low of ₹121.81 after the public sector lender reported its March 2025 quarter business update. In comparison, the benchmark Nifty50 index was trading 1.47 per cent down at 22,908.40 and Nifty Bank was in green at 51,614.40 with marginal gains of 0.03 per cent at 2:50 PM. 

 

In an exchange filing on Friday, April 4, Union Bank of India reported a 7.82 per cent increase in its total global business to ₹22.92 trillion for the March 2025 quarter (Q4FY25) compared to ₹21.26 trillion in the year-ago quarter (Q4 FY24). Read more 

3:22 PM

Stock Market LIVE Updates: IPO calendar next week: Mainline dry spell continues, 3 SME listings ahead

Stock Market LIVE Updates: The ongoing drought in Indian primary markets is set to persist for another week, as no new public offerings are scheduled to open for subscription in the mainline segment.

This marks a continuation of the current lull, with the small and medium enterprises (SME) platform also remaining largely inactive. However, there will be listings of shares from three companies in the SME segment. Read more 

3:19 PM

Stock Market LIVE Updates: CLSA initiates coverage on Federal Bank, sees 18% upside; stock up

Stock Market LIVE Updates: Despite the overall market weakness, Federal Bank shares rose on Friday, April 4, 2025, after global brokerage CLSA predicted an upside of nearly 18 per cent in the stock, from current levels, over the next one year. CLSA has initiated coverage on Federal Bank shares with an 'Outperform' rating. The brokerage has set a target price of ₹230.

 

This, the Hong Kong-based brokerage said, is on the back of the lender's substantial non-resident (NRE) deposit base, contributing 30 per cent to total deposits. Read more 

3:01 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 Friday, amid weakness in global markets as investors embraced risk-off sentiment in the face of sweeping tariffs on imports to the US. 

At 3 PM, the BSE Sensex was lower by 1,028.27 points, or 1.35 per cent, at 75,267.09, and the Nifty 50 was at 22,864.45, behind by 385.65 points, or 1.66 per cent.

2:54 PM

Stock Market LIVE Updates: Bharat Forge falls 9% as Morgan Stanley downgrades stock, cuts target price

Stock Market LIVE Updates: Bharat Forge shares experienced a sharp decline of nearly 9 per cent on Friday, marking their worst trading session in nine months. The drop followed Morgan Stanley’s decision to downgrade the stock rating from 'overweight' to 'equalweight' and reduce the target price by 14 per cent.

 

Morgan Stanley attributed the downgrade and price cut to the impact of US President Donald Trump's newly announced tariffs. According to the brokerage, while Bharat Forge has successfully scaled its non-auto business and secured the domestic advanced towed artillery gun system (ATAGS) order, which could boost non-auto revenues to 46 per cent of the total topline by FY27, the 25 to 27 per cent tariff burden may significantly offset these gains. READ MORE
 

 

2:45 PM

Stock Market LIVE Updates: Ex-date alert! Crisil, Siemens, 3 others go ex-date next week; do you own?

Stock Market LIVE Updates: Shares of Crisil, Ashiana Housing, Siemens, Pervasive Commodities, and Enbee Trade & Finance are expected to remain in the spotlight during next week's trading sessions due to key corporate developments. Among these, Crisil and Ashiana Housing will trade ex-dividend, while Pervasive Commodities and Enbee Trade & Finance are set to trade ex-date for stock splits. Siemens, meanwhile, will trade ex-date following its spin-off announcement.

 

According to BSE data, Crisil has notified exchanges of a scheduled Board of Directors meeting on Wednesday, April 30, 2025, to discuss the payment of the first interim dividend for the financial year ending December 31, 2025. The record date for this corporate action has been set for Monday, April 14, 2025. READ MORE

 

2:35 PM

Stock Market LIVE Updates: Bajaj Finance shares gain 2% on reporting Q4 update; check details here

Stock Market LIVE Updates: Bajaj Finance shares rose by 2.3 per cent on Friday, April 4, 2025, hitting an intraday high of ₹8,796.7 per share on the BSE. The stock gained traction following the release of the company’s fourth-quarter business update.

By 1:13 PM, Bajaj Finance shares were trading at ₹8,782.25, reflecting a 2.14 per cent increase, while the BSE Sensex was down by 0.96 per cent at 75,564.71. 

In its quarterly update released on Thursday after market hours, Bajaj Finance reported that its customer franchise had grown to 101.82 million as of March 31, 2025, compared to 83.64 million on the same date in 2024—an increase of 4.70 million during Q4 FY25. READ MORE

 

2:24 PM

Stock Market LIVE Updates: RIL, ONGC, Oil India slips up to 7% as crude oil slips below $70/barrel

Stock Market LIVE Updates: Upstream oil stocks—Oil and Natural Gas Corporation (ONGC), Reliance Industries (RIL), and Oil India—saw sharp declines on Friday, April 4, 2025, falling collectively by 7.2 per cent in trading. The drop coincided with crude oil prices slipping below the $70 per barrel mark.

As of 12:13 PM, ONGC shares had tumbled 6.6 per cent, RIL was down 4.3 per cent, and Oil India saw a decline of 6.4 per cent. In comparison, the BSE Sensex recorded a more moderate drop of 1.02 per cent, settling at 75,520.89.
 

The slide in crude oil prices followed US President Donald Trump’s announcement of "reciprocal" tariffs targeting trading partners. Additionally, he unveiled a 10 per cent baseline tariff across all countries, further unsettling market sentiment. READ MORE

 

2:12 PM

Stock Market LIVE Updates: Dee Development share price up 3% on securing orders worth Rs 55-crore

Stock Market LIVE Updates: Dee Development Engineers (Dee Development) shares gained momentum in early trading on Friday, April 4, 2025, climbing by 3.14 per cent to reach an intraday high of ₹262.40 per share.

However, by 10:15 AM, the stock had retreated from its peak, trading 0.43 per cent lower at ₹253.30. In comparison, the BSE Sensex was down 0.93 per cent, hovering at 75,586.64.

The early surge in Dee Development's share price was fueled by the company’s announcement of securing a ₹55 crore purchase order. In a regulatory filing, the company stated, “We would like to inform you that the company has bagged a purchase order from a new customer, the name of which cannot be disclosed due to commercial issues.” 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 Friday, amid weakness in global markets as investors embraced risk-off sentiment in the face of sweeping tariffs on imports to the US. 

 

At 2 PM, the BSE Sensex was lower by 938.56 points, or 1.23 per cent, at 75,356.80, and the Nifty 50 was at 22,891.85, behind by 358.25 points, or 1.54 per cent.

1:56 PM

Stock Market LIVE Updates: Tata Motors share plunges 6% on CLSA downgrade, target cut; details here

Stock Market LIVE Updates: Tata Motors shares faced significant pressure on Friday, April 4, 2025, the last trading day of the week, plunging as much as 6.24 per cent to an intraday low of ₹613.20. This brought the stock perilously close to its 52-week low of ₹606.20 per share.

The company's shares have now corrected by 44.52 per cent from their 52-week high of ₹1,179.05, achieved on July 30, 2024.
 

The decline was largely driven by CLSA's decision to downgrade Tata Motors' rating from 'High Conviction Outperform' to 'Outperform,' while also lowering its target price from ₹930 to ₹765. CLSA expressed concerns over the potential impact of 25 per cent US tariffs on auto imports and anticipated reductions in Jaguar Land Rover (JLR) models, which they estimate could cause a 14 per cent year-on-year decline in JLR volumes for FY26. READ MORE

 

1:47 PM

Stock Market LIVE Updates: Safe-haven demand for gold may rise further; check support, resistance here

Stock Market LIVE Updates: On April 3, spot gold surged to a record high of $3,167.84, driven by renewed demand for safe-haven assets as unexpectedly steep reciprocal tariff rates raised concerns about global trade and economic stability.

 

A day earlier, on April 2, US President Donald Trump unveiled long-anticipated reciprocal tariffs, which were far harsher than markets had anticipated, sending shockwaves through the global economy. Despite the initial surge, gold prices tumbled to $3,054 during the US trading session. This sharp drop was fueled by investors offloading long gold positions to cover margin calls amid a selloff in risk assets, alongside broader weakness in the commodities market. READ MORE

1:36 PM

Stock Market LIVE Updates: Risk of a waterfall decline in the US stock market is rising: Chris Wood

Stock Market LIVE Updates: Christopher Wood, global head of equity strategy at Jefferies, has warned of an increasing risk of a 'waterfall decline' in the US stock market. In his latest investor note, GREED & fear, Wood highlighted that the danger lies not only in high valuations but also in the potential for a panic-driven unwinding of passive investments, where many investors hold the same stocks.

"Tariff hikes are unequivocally bad news, as evidenced by the historical precedent of the Smoot-Hawley Tariff Act of 1930. This is a day of impoverishment, not liberation," Wood remarked.
 

Earlier this week, the Dow Jones plunged 1,700 points in a single session, entering correction territory with a 10 percent drop from its peak. The S&P 500 fell by 5 percent, while the Nasdaq declined by 6 percent, shedding over 1,000 points as President Donald Trump's sweeping tariffs heightened fears of a potential recession. READ MORE

 

1:27 PM

Stock Market LIVE Updates: Donald Trump cuts India tariff to 26% from 27% in final White House list

Stock Market LIVE Updates: The confusion surrounding US President Donald Trump's newly announced reciprocal tariffs has led to a quiet adjustment, with India now facing a 26 per cent tariff instead of the initially stated 27 per cent. This revision places India at the center of the tariff debate.

The change follows last-minute corrections to official documents after discrepancies were identified between the figures displayed during Trump's "Liberation Day" speech and those outlined in the formal implementation papers.
 

According to Bloomberg, 14 countries, including India, were initially assigned tariffs one percentage point higher in the annex than what was shown during Trump's Rose Garden announcement. The White House has since updated the annex to align the figures with the public presentation. READ MORE

 

1:16 PM

Stock Market LIVE Updates: Time to buy? UBS upgrades SBI, Bank of Baroda stocks, raise target prices

Stock Market LIVE Updates: Global brokerage firm UBS has raised its ratings for two public sector banks—State Bank of India (SBI) and Bank of Baroda (BoB)—citing optimism that anticipated monetary policy easing by the Reserve Bank of India (RBI) in the coming months could enhance the growth prospects for these lenders.

Additionally, UBS noted that the recent underperformance of both SBI and BoB stocks has boosted their risk-reward appeal.
 

Among the two, UBS remains more optimistic about Bank of Baroda, attributing this preference to its attractive and relatively low valuations. READ MORE

 

1:05 PM

Stock Market LIVE Updates: Pharma tariffs, RIL shares: Key reasons why Sensex, Nifty are down today

Stock Market LIVE Updates: India stock markets took a beating on Friday, April 4, 2025, as investors, globally, fretted over US President Donald Trump’s tariff impact on global trade and a possible trade war.

 

The BSE Sensex index plunged 860 points in the intraday trade to hit a low of 75,436 during the day. The NSE Nifty50, meanwhile, breached below the 23,000-mark to hit a low of 22,921.60. The index dropped 329 points during the day.

 

In the broader market, the Nifty MidCap index and the Nifty SmallCap index declined in the range of 2.3 per cent to 2.7 per cent. READ MORE

12:57 PM

Stock Market LIVE Updates: RIL, ONGC, Oil India slip up to 7% as crude oil slips below $70/barrel

Stock Market LIVE Updates: Upstream oil companies-- Oil and Natural Gas Corporation (ONGC),  Reliance Industries (RIL), Oil India-- stocks slipped 7.2 per cent in trade on Friday, April 4, 2025. The stocks fell after crude oil prices declined below $70 per barrel. 

 

Around 12:13 PM, ONGC shares were down 6.6 per cent, RIL shares were down 4.3 per cent and Oil India was down 6.4 per cent. In comparison BSE Sensex was down 1.02 per cent at 75,520.89.

 

Upstream oil companies depend on the price at which crude oil is sold. If crude oil prices drop, the revenue generated from oil production decreases, which can directly impact the profitability of oil exploration and production companies. READ MORE

12:49 PM

Stock Market LIVE Updates: Trump tariff casts shadow on crypto; Bitcoin tests resistance at $85,000

Stock Market LIVE Updates: The cryptocurrency market finds itself at a pivotal moment, grappling with macroeconomic challenges and evolving institutional sentiment. Bitcoin (BTC), the largest and most widely recognized cryptocurrency by market capitalization, saw a dip of approximately 0.61 percent, trading at around $82,999.65 as of 11:05 AM on Friday, April 4, 2025.

 

Over the past 24 hours, Bitcoin has fluctuated within a range of $83,745.45 to $81,282.10, according to data provided by Binance. READ MORE

12:41 PM

Stock Market LIVE Updates: Vedanta to Tata Steel: Metal stocks tumble as tariffs cloud growth outlook

Stock Market LIVE Updates: Shares of Indian metal companies suffered sharp declines on Friday as fears over global economic growth, driven by US tariffs, dampened investor confidence. Some stocks recorded losses as steep as 12 per cent during the session.

Vedanta's stock slid as much as 8.2 per cent, while Tata Steel dropped 6.5 per cent. National Aluminium Co. (Nalco) and Hindalco Industries saw even larger falls, tumbling 12.2 per cent and 6.9 per cent, respectively.

This comes a day after US President Donald Trump unleashed tariffs on all trading countries, even as analysts expect the risk of recession and inflation to rise in the US. READ MORE

 

12:32 PM

Stock Market LIVE Updates: Pharma tariffs, RIL shares: Key reasons why Sensex, Nifty are down today

Stock Market LIVE Updates: Indian stock markets faced a sharp downturn on Friday, April 4, 2025, as global investors grew increasingly concerned over the fallout from US President Donald Trump's tariffs and the risk of a looming trade war.

The BSE Sensex index plummeted 860 points during intraday trading, bottoming out at 75,436. Meanwhile, the NSE Nifty50 fell below the critical 23,000-mark, touching a low of 22,921.60 after dropping 329 points through the day.
 

Analysts at Kotak Institutional Equities warned that the US's uniform 26 percent reciprocal tariff on Indian exports could significantly erode profitability and potentially reduce volumes for industries and companies with substantial revenue exposure to the US market. READ MORE

 

 

12:22 PM

Stock Market LIVE Updates: Oil-linked stocks trade mix after crude oil prices fall below $70/barrel

Stock Market LIVE Updates: Oil-linked stocks showed mixed performance on Friday, April 4, 2025, as crude oil prices dipped below $70 per barrel. This decline followed US President Donald Trump's announcement of new tariffs, which sparked fears of a global trade war that could dampen oil demand.

On Thursday, Indian Standard Time (IST), Trump introduced "discounted reciprocal tariffs" targeting US trading partners, along with a baseline tariff of 10 per cent applicable to all countries.

Adding to the market unease, the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) revealed plans to expedite oil output increases. READ MORE

 

12:10 PM

Stock Market LIVE Updates: DMart falls 5% after Q4 update; Citi says margins key to sustain valuations

Stock Market LIVE Updates: Avenue Supermarts, the parent company of DMart, saw its shares decline by over 5 per cent on Friday, despite reporting a rise in standalone revenue. Analysts emphasised that sustaining current valuations will require a significant focus on margin expansion.

For the March quarter, the company's standalone revenue from operations reached ₹14,462.39 crore, marking a 16.6 per cent increase compared to the same period last year. Additionally, it reported having 415 stores as of March 31, 2025.
 

However, Citi Research analysts pointed out that DMart's performance is still hindered by factors such as an unfavorable product mix, expansion into smaller towns, and mounting competition from quick commerce players. READ MORE

 

12:02 PM

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

Stock Market LIVE Updates: Indian benchmark equity indices are trading lower on Friday, amid weakness in global markets as investors embraced risk-off sentiment in the face of sweeping tariffs on imports to the US. 

 

At 12 PM, the BSE Sensex was lower by 735.31 points, or 0.96 per cent, at 75,560.05, and the Nifty 50 was at 22,970.60, behind by 278.50 points, or 1.20 per cent.

11:54 AM

Stock Market LIVE Updates: Spinaroo Commercial IPO: Check allotment status, GMP, listing date

Stock Market LIVE Updates: The share allotment for Spinaroo Commercial's initial public offering (IPO) is anticipated to be finalised today, Friday, April 4, 2025. The IPO, which concluded its three-day subscription period on Thursday, April 3, garnered a modest response, achieving an oversubscription rate of approximately 1.49 times.

 

Once the allotment is finalised, investors will be able to check their status on the official websites of the BSE and Cameo Corporate Services, the designated issue registrar. READ MORE