Benchmark -Indices continued their downward process on Friday afternoon, in -depth losses caused by the steep rate announcement of US President Donald Trump. Against afternoon trade, the BSE SENSEX had fallen with 772.11 points or 1.01 percent at 75,523.25, while the NSE Nifty 295.20 points or 1.27 percent fell to 22,954.90.
The wider market showed widespread weakness with decliners who surpass the advice by almost 3: 1 in the BSE. Of the 3,957 shares traded, 2,788 fell while only 1,028 was demanded, with 141 unchanged. The session saw 56 shares that hit Highs for 52 weeks at 68 their lows of 52 weeks.
Metal stocks led the market drop with Tata Steel that emerged as the largest handy loser, who dropped 7.55 percent to £ 142.02. Other large losers were Hindalco (-6.90 percent), ONCC (-6.74 percent), Tata engines (-5.88 percent) and Cipla (-5.34 percent).
Financial services offered some kisses to the falling markets. The Nifty Financial Services Index won 0.41 percent, while the Nifty Bank Index was almost flat with a marginal profit of 0.03 percent. Top enhancers include Bajaj Finance, which rose 2.14 percent to £ 8,778.30, followed by TATA consumer products (1.91 percent), HDFC Bank (1.41 percent), Axis Bank (0.59 percent) and Shriram Finance (0.59 percent).
The Mid-Cap segment witnessed a sharper sales pressure with the Nifty Midcap 100 index with 2.76 percent to 50,725.05.
Markt experts keep a close eye on the potential impact of mutual rates on Indian export. “With bilateral trade with a value of more than $ 190 billion and India enjoying a surplus, the rates are new challenges for sectors such as cars, car parts, pharmaceutical and IT services,” said Ram Medury, founder and CEO of Maxiom Wealth.
Medury added that the car and associated industries are confronted with increased costs due to higher tasks on the export of vehicles and components, while the IT sector remains vulnerable because the US considers the taxes on services where India has a competitive advantage.
Despite continuous negotiations for a bilateral trade agreement to resolve disputes, the trade sentiment remains careful. Analysts suggest that increasing the import of WTI crude oil could serve as a strategic move to relieve tensions, especially because the US threatens further rates for countries that import Russian crude oil.
India’s economy driven in their own country continues to offer some protection against export shocks, with analysts projecting a robust GDP growth of 6.7-6.8 percent in the coming two years, even if the markets navigate through current volatility.
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Published on April 4, 2025
