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