Sensex And Nifty Settle In Red – US Reciprocal Tariff Contributes To The Drop News24 –

Share Market: India’s benchmark indices, Sensex and Nifty50, ended the day’s trade in red on Thursday, April 3, 2025. The Sensex (index with top 30 firms) tumbled 322.08 points to close at 76,295.36 on Thursday. Meanwhile, Nifty50 (index with top 50 firms) was down 82.25 points to close at 23,250.10 points. Among Sensex-listed companies, 13 stocks advanced, while 17 saw declines on Thursday.

Powergrid was the biggest gainer, gaining 4.34% to settle at Rs 299.15 per share on Thursday. Meanwhile, TCS was the biggest loser, tumbling 3.98% to close at Rs 3,403.90 per share.

The Sensex opened 800 points below at 75,811.12 points today. Meanwhile, Nifty50 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. Experts believe that India would be less impacted by the America’s reciprocal tariff.

Share Market: What Experts Said?

“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.

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