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Key Points

Indian stock markets experienced a significant downturn for the second consecutive trading session, driven by anticipated US tariff announcements. The BSE Sensex fell 1.80% while the Nifty 50 declined 1.50%, reflecting widespread investor nervousness. Market experts highlighted the uncertainty surrounding potential trade disruptions and its impact on investor sentiment. The volatile trading session saw most sectoral indices ending in the red, with IT, realty, and consumer durables sectors being particularly affected.

Key Points: US Tariffs Spark Sensex Selloff Indian Markets Dive

  • Sensex drops 1,390 points amid global trade uncertainty
  • US tariff announcement triggers market volatility
  • Banking and IT stocks among major market losers
  • Investors cautious ahead of trade policy changes
2 min read

Indian stock markets fall for second consecutive day amid jitters over US tariffs

Indian stock markets tumble over 1.5% as investors brace for US tariff announcements, creating market uncertainty and volatility

"Reciprocal tariffs may be watered down but they are still coming - Akshay Chinchalkar, Axis Securities Research Head"

Mumbai, April 1

Indian stock markets on Tuesday ended lower for the second consecutive trading session, exhibiting a situation of jitters due to the US tariffs scheduled on April 2.

At the end of the trading session today, BSE Sensex tumbled 1,390.41 points or 1.80 per cent, while the Nifty 50 at the National stock exchange was in the red territory at 23,165.70, declining 353.65 points, or 1.50 per cent.

The Indian stock markets saw a volatile day today as both the benchmarks tumbled over 1.50 per cent, ending in the red.

Market experts say US Tariffs, to be announced on April 2, are heavily impacting the investors' sentiments.

Ajay Bagga, a market and banking expert, said that the uncertainty is hitting Indian markets today as the "T-Day" looms, when the US announces tariffs on various countries and sectors.

Experts stated that the Trump tariff announcement on April 2 is a major event now. However, the markets have discounted the impact, but the reality will seem worse initially and then improve as concessions and exclusions are announced.

Observing the markets, another expert, Akshay Chinchalkar, Head of Research, Axis Securities, said, "Reciprocal tariffs may be watered down but they are still coming, and that's causing plenty of volatility. The exact extent of tariffs will not be known until tomorrow, so large players lightening up positions ahead of the final announcements could be driving the wild swings being witnessed today, so far at least."

Meanwhile, Sundar Kewat, Technical and Derivatives Analyst, Ashika Institutional Equity, said, "The decline was driven by global trade uncertainties, with market sentiment remaining cautious ahead of the anticipated US tariff announcement. Concerns over potential disruptions to international trade kept investors on edge, leading to increased volatility."

The stocks of IndusInd Bank, Trent, Bajaj Auto, Jio Financial, and HDFC Life were the major gainers at NSE, while HCL Technologies, Bajaj Finserv, HDFC Bank, Shriram Finance, and Bharat Electronics were the major losers today.

In sectoral indices, except media, oil & gas, and telecom, all other indices ended in the red with IT, realty, and consumer durables declining 2-3 cent each.

- ANI

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Reader Comments

R
Rahul P.
Not surprised by this at all. The markets were overdue for a correction anyway. The US tariffs are just accelerating what was bound to happen. Time to hold tight and wait for the storm to pass. 💪
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Priya M.
This volatility is giving me anxiety! My portfolio is down 8% this week alone. Anyone else feeling the pain? 😅 Maybe I should stop checking my investments every hour...
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Sanjay K.
While the article covers the immediate impact well, I wish it had more analysis on how different sectors will be affected long-term. The IT sector drop is particularly concerning given how important it is for our economy.
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Anjali R.
Interesting to see Trent as one of the gainers! Retail seems to be weathering this storm better than expected. Maybe people are still shopping despite market jitters? 🛍️
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Vikram S.
The market always overreacts to these tariff announcements. Remember 2018? Same panic, but things stabilized within weeks. This too shall pass. Good buying opportunity for long-term investors!
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Neha T.
I appreciate the multiple expert opinions in this article. Gives a more rounded view than just reporting the numbers. Though I wish they'd explain what exactly these tariffs might include - that's what everyone wants to know!

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