Sensex Down 800 Points Following Trump’s Tariff Announcement News24 –

Share Market: India’s benchmark indices, Sensex and Nifty50, opened in red on Thursday, April 3, 2025. The Sensex (index with top 30 firms) opened 800 points below at 75,811.12 points on Thursday. Meanwhile, Nifty50 (index with top 50 firms) tumbled 182.05 points to open at 23,150.30 points.

Indian share markets opened in selling pressure on Thursday, following a global decline triggered by U.S. President Donald Trump’s latest tariff announcement, to which investors reacted negatively.

Market experts stated that stocks are impacted by US President Donald Trump’s announcement of a reciprocal tariff. Investors are shifting funds to safer assets, such as gold, further exacerbating the sell-off in equities.

Among sectoral indices, Nifty Auto declined 1.25%, Nifty IT fell 1.67%, and Nifty Metals slipped 0.81%. However, the pharma sector outperformed, gaining 2.95%, as Trump’s tariffs did not impact this sector.

The negative sentiment was mirrored across Asian markets. Japan’s Nikkei 225 plummeted 3%, and Hong Kong’s Hang Seng Index fell 1.45%. Moreover, South Korea’s Kospi index was down more than 1%.

The impact of Trump’s announcement extended to U.S. futures markets as well. At the time of filing this report, the Dow Jones Futures dropped by 1.94 percent, indicating a likely weak opening for Wall Street.

Share Market: What Experts Are Saying?

“The Impact on India will come via the US dollar, economic pain caused by possible falling exports and margins, and impacted EM portfolio flows as investors flee to safe havens like gold, Yen, Swiss franc, and Japanese government bonds. Uncertainty is now converted to certainty of economic and market pain. The first reaction is to rush into safe havens and to sell risk assets,” Ajay Bagga, a Banking and Market expert, told ANI.

Experts also warned of potential currency tensions between the U.S. and China. If China devalues its currency in response to the new tariffs, it could intensify market turmoil, leading to further outflows and losses in equities.

“Asia is a sea of red due to last night’s tariff announcements, so the Nifty is expected to open weak. That said, first support in the 23090–23141, followed by the critical 22800-23000 zone, will be in focus. The close today will be an important first hint of who between the bull and the bear is more confident now that the announcements are out of the way,” said Akshay Chinchalkar, Head of Research, Axis Securities.

ALSO READ: SBI Report: Mudra Fuels Financial Independence – 50% Accounts Belong To SC, ST And OBCs