Will Donald Trump’s threat to reciprocity tariffs cause bloody treatments on Dalal Street? Why did BSE collapse before “American Liberation Day”?
U.S. President Donald Trump plans to issue a series of reciprocity tariffs on April 2, which he said will be a “liberation day” for the United States. BSE Sensex started the new fiscal year with heavy losses as it earned 1,390.41 points or 1.80% loss and settled 76,024.51.
Mumbai Stock Exchange (BSE)
Did U.S. President Donald Trump’s announcement of imposing reciprocity tariffs have been hit hard by BSE, driving the benchmark index Sensex, which fell 1,390 points on Tuesday?
The stock market suffered and collapsed, which Donald Trump called American Liberation Day, April 2.
30 shares of BSE Sensex started the new fiscal year, losing 1,390.41 points, or 1.80%, and settled 76,024.51. It is under too much pressure, with 28 of its components ending lower, with only two levels. During the day, the index fell by 1,502.74 points, or 1.94%, to 75,912.18.
NSE Nifty drops 353.65 points
NSE Nifty fell 353.65 points, or 1.50%, to 23,165.70. The key index recorded their steepest single-day losses in a month.
U.S. President Donald Trump plans to issue a series of reciprocity tariffs on April 2, which he said will be a “liberation day” for the United States.
From Sensex Pack, HCL Tech, Bajaj Finserv, HDFC Bank, Bajaj Finance, Infosys, Titan, ICICI Bank, Sun Pharma, Reliance Industries, Larsen & Toubro, Tech Mahindra and NTPC are the biggest landings.
Among the profiters, Indusind Bank jumped over 5%, while Zomato ended slightly higher.
It shares the most
“Before the expected U.S. reciprocity tariff announcement tomorrow, global volatility increased and the domestic market has seen a significant sell-off today.
“The IT sector has been one of the biggest hits due to its substantial exposure to the U.S. market, with real estate stocks falling after rising Ready Reckoner rates in Maharashtra, which will affect real estate valuations,” said Vinod Nair, head of research at Geojit Investments Limited.
Ajit Mishra – Research, Resign Broking Ltd said: “Under the April 2 deadline, uncertainty surrounding the U.S. reciprocity tariff rate and its potential impact on global trade have led to negative openings, which worsened as the conference proceeded.”
BSE Medium Waterfall
The BSE mid-gauges were 1.04%, while the small cap index rose slightly by 0.07%.
BSE Telecom and oil and gas are profitable. In the broader market, Vodafone Conceived shares rose nearly 19% to close at Rs 8.10 per share as the government converts Rs 36,999 crore dues into equity to take its shares in struggling telecom companies to 49%
Among other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settle in active territory.
The European market is also higher. On Monday, the U.S. market was mostly higher.
Fez sells shares worth Rs 43,520 crore
Foreign Institutional Investors (FIIS) unloaded shares worth Rs 43,528.2 crore on a net basis on Friday, according to Exchange data.
Eid-ul-Fitr closed the stock market on Monday.
The global oil benchmark Brent crude climbed to 0.12% to $74.86 a barrel.
In the 2024-25 fiscal year, Sensex jumped 3,763.57 points, or 5.10%, while Nifty rose to 1,192.45 points or 5.34%. On Friday, Sensex fell 191.51 points, or 0.25%, to settle 77,414.92. Nifty fell 72.60 points, or 0.31%, to 23,519.35.
(Input with PTI)
