Stock markets go into a tailspin ahead of U.S. 'Liberation Day'; Sensex tanks 1,390 points
The Hindu
Stock markets tumble as Sensex plunges 1,390 points due to US tariff uncertainty, IT and private bank sell-off.
Stock markets went into a tailspin on Tuesday (April 1, 2025), with benchmark Sensex plunging by 1,390 points due to selling in IT and private bank shares amid heightened uncertainty ahead of the rollout of reciprocal tariffs by the U.S. on April 2.
Starting the new financial year on a losing note, the 30-share BSE Sensex tanked 1,390.41 points or 1.80% to settle at 76,024.51 as 28 of its components ended lower and only two advanced. During the day, the index plummeted 1,502.74 points or 1.94% to 75,912.18.
The NSE Nifty dropped 353.65 points or 1.50% to 23,165.70. The key indices logged their steepest single-day losses in a month.
U.S. President Donald Trump plans to roll out a set of reciprocal tariffs on April 2, which he says will be "Liberation Day" for the US.
From the Sensex pack, HCL Tech, Bajaj Finserv, HDFC Bank, Bajaj Finance, Infosys, Titan, ICICI Bank, Sun Pharma, Reliance Industries, Larsen & Toubro, Tech Mahindra and NTPC were among the biggest laggards.
Among gainers, IndusInd Bank jumped over 5% while Zomato ended marginally higher.
“Amid heightened global volatility ahead of the anticipated U.S. reciprocal tariff announcement tomorrow, the domestic market witnessed a significant sell-off today,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Reliance Group firms RInfra and RPower cooperate with ED after searches, no impact on business operations.
Tata Consultancy Services retraining staff, deploying AI, and cutting jobs to adapt to market challenges by 2026.
Indian economy set to grow over 6.5% with strong domestic consumption, positive FDI outlook, and trade negotiation concerns with the U.S.
Top firms' market valuation dropped by ₹2.22 lakh crore, led by Reliance Industries, amid bearish equities trend.
Under the U.K.-India Comprehensive Economic and Trade Agreement, U.K. has removed tariffs on 99% of its product lines and India has agreed to either eliminate or reduce duties on 90% of its tariff lines
Tech India's AI-first strategy reshapes developer roles, with AI automating routine tasks while developers focus on complex projects.
IDFC First Bank Q1 net profit falls 32%, NII grows 5.1%, NIM reduces due to repo impact and asset mix change.
Kotak Mahindra Bank Q1FY26 results: 7% decline in standalone net profit, NII up 6%, GNPA 1.48%, NNPA 0.34%.
Allcargo Group Founder discusses global supply chain disruptions, India's potential, leadership development, and sustainability initiatives.
NephroPlus files for IPO to raise funds for expansion, with plans to open new dialysis clinics in India.
NSDL announces Rs. 4011.6 crore OFS IPO priced at Rs. 760-800/share, with diluting shareholders including IDBI Bank, NSE, and more.
RBI Governor Malhotra discusses rate cuts, inflation outlook, and regulatory reforms at the FE Modern BFSI Summit.
ITC Chairman Sanjiv Puri discusses the future of Indian brands, emphasizing the importance of establishing a strong presence in India first.