Synopsis : Indian stock markets tumbled sharply on Thursday as fears of steep U.S. tariffs on Indian goods triggered across-the-board selling. Heavy losses in Reliance and Infosys dragged benchmarks lower, while midcap and smallcap stocks also came under pressure.
Indian equity markets were firmly on the back foot on Thursday, witnessing a broad-based sell-off after reports suggested that U.S. President Donald Trump has backed a Bill proposing tariffs of up to 500% on Indian imports, sparking fears of a major trade shock for export-oriented sectors.
As of 1:01 PM, the Nifty 50 was trading at 25,904.85, down 235.90 points or 0.90%, while the BSE Sensex had fallen 695.03 points or 0.82% to 84,264.25.
Heavyweight stocks led the decline, with Reliance Industries, Infosys, TCS, Tech Mahindra, and Power Grid among the top laggards on the Sensex, exerting significant pressure on the indices. Weakness in IT and energy stocks reflected investor concerns over global demand and potential trade disruptions.
On the other hand, select stocks such as BEL, Eternal, Adani Ports, ICICI Bank, HCL Technologies, and Bajaj Finance managed to trade in the green, offering limited support amid the widespread sell-off.
The pain was even sharper in the broader markets. Both the Nifty Midcap 100 and the Nifty Smallcap 100 indices were down over 1%, indicating risk aversion across market segments and aggressive profit-booking in high-beta stocks.
Sectoral Performance
Sector-wise losses were led by:
Nifty Metal: down 2.95%
Nifty PSU Bank: down 1.6%
Nifty IT: also trading sharply lower
The sharp fall in metal stocks reflected concerns over global trade and commodity demand, while IT stocks reacted negatively to the prospect of higher tariffs and uncertain overseas revenue growth.
Overall, market sentiment remained fragile, with investors closely monitoring political developments in the U.S. and their potential impact on India’s trade and corporate earnings outlook.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Readers should consult a qualified financial advisor before making any investment decisions.
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