Sensex Falls 931 Points As Trump Tariffs Move Triggers Global Selloff

Indian stock markets ended in the red on Friday for the second straight session after US President Donald Trump announced reciprocal tariffs.

Investors turned cautious, leading to a broad-based selloff.

The Sensex dropped 930.67 points, or 1.22 percent, to settle at 75,364.69. It moved between an intraday high of 76,258.12 and a low of 75,240.55.

The Nifty also plunged 345.65 points, or 1.49 percent, to end at 22,904.45.

Market experts said the unexpected hike in US tariffs triggered a bearish trend globally.

“The recent implementation of higher-than-anticipated US tariffs has had a significant impact on global markets,” they said.

They added that although India’s direct exposure to these tariffs is smaller, the impact is greater than earlier estimates.

Tata Steel, Tata Motors, Larsen & Toubro, IndusInd Bank, Tech Mahindra, and Reliance Industries led the Sensex losers, with some stocks declining up to 8.36 percent.

However, HDFC Bank, Bajaj Finance, Nestle India, ICICI Bank, Asian Paints, ITC, and Axis Bank posted gains of up to 1.59 percent.

Selling pressure intensified in the broader market. Nifty Smallcap100 tanked 3.56 percent and Nifty Midcap100 fell 2.91 percent.

Sectoral indices bled across the board, except Nifty Financial Services and FMCG. Metal, IT, Oil & Gas, PSU Bank, Auto, and Realty sectors dropped between 2 and 6.5 percent.

The rupee closed at 85.20, up by 0.16, supported by a drop in crude prices. Gold prices corrected by ₹650 to ₹89,450 per 10 grams on the MCX.

“Markets had already priced in the impact of the tariffs, leading to profit booking,” said Jateen Trivedi of LKP Securities.

India’s volatility index, India VIX, rose 1.13 percent to 13.76, signaling rising investor caution.

The Trump tariffs impact Indian stock market sentiment, with traders eyeing global trade developments for further cues.

Also Read: Sensex, Nifty Open Lower Amid Global Sell-Off Following President Trump’s Tariffs