Sensex Nifty Today | Stock Market Highlights: Indian markets closed Thursday’s trade marginally on a lower note. The Nifty 50 and Sensex ceased the session 0.4% lower. The domestic markets majorly trivialised US tariffs’ impact as steel/aluminium articles and autos/auto parts along with pharma products were exempted from the reciprocal tariffs, according to The White House Fact Sheet.
Key factors markets watched in today’s trade-
Trump’s ‘Liberation Day’ Tariffs: On April 2, US President Donald Trump declared “Liberation Day,” unveiling a sweeping new tariff policy that could significantly impact global trade. A key component of the announcement was a universal import duty, a flat 10% tariff on all goods entering the US, set to take effect on April 5.
Higher Tariffs on Key Trading Partners- In addition to the universal duty, Trump introduced reciprocal tariffs targeting 60 countries to counter what he calls unfair trade practices. The tariff rates vary, with China facing the steepest levy at 34%, followed by Vietnam at 46%, India at 26%, Japan at 24%, and the European Union at 20%. The UK, meanwhile, will see a 10% tariff on its exports to the U.S. These tariffs are expected to have far-reaching effects on industries like automobiles, pharmaceuticals, electronics, IT, and jewellery, potentially leading to shifts in global supply chains.
Wall Street Futures Slide After Trump’s Tariff Move: Wall Street futures took a sharp hit after US President Donald Trump announced sweeping tariffs in the early hours of Thursday (Indian time). The Dow Jones futures plunged over 900 points, while the S&P 500 and Nasdaq futures dropped 3.9% and 4.7%, respectively.
Share market today live updates: Colin Shah on US tariffs on gold & jewellery
“The Gems and Jewelry sector will be the most affected as import tariffs may be up to 20% from the current 0% on loose diamonds and 5.5-7% on gold jewelry. The US is one of India's largest jewelry export markets, accounting for almost 30% of the share. Indian jewelry exports to the US are over $11 billion per year," said Colin Shah, Managing Director of Kama Jewelry.
Share market today live updates: Markets snapshot near closing
Share market today live updates: Nifty IT falls lower
The cuts in Nifty IT deepens. The sectoral index was down 3.9% to 34,859.05 level, following the Trump's tariff impact. This is likely to hit the economic environment in the US, Fed's rate cuts, and lareg order deal wins, which were already slow. All the constituents were trading in the red.
Share market today live updates: Kotak Securities on US economy and IT sector
A tariff has been imposed on India, although there is no specific tariff that has been imposed on IT services. "Notably, the US economy has weakened in recent months. Naturally, the deterioration in the macro environment will weigh on Q4FY25 numbers and FY26E guidance. We expect a sequential revenue decline for all large Indian IT service companies for the Mar’25 quarter due to seasonal weakness, lower billing days, and marginal deterioration in demand," said Sumit Pokharna, Vice President of Fundamental Research at Kotak Securities.
Share market today live updates: Midcap and smallcap up
In the afternoon trading hours, Midcap and smallcap stocks continued to show resilience. The BSE MidCap index edged up 70.83 points or 0.17%. Meanwhile, the BSE SmallCap index surged 275.08 points, gaining 0.58%.
Share market today live updates: Nifty PSU Bank up 2.5%
The sectoral index Nifty PSU Bank rose 2.5% to 6,457.70 level on April 03. All the constituents of the index were trading in the green. Bank of India, Canara Bank, Indian Bank, Union Bank, and Bank of Maharashtra.
Share market today live updates: Morgan Stanley sees downside risk to growth
"We see downside risks to growth both from the direct and indirect channels. While the tariffs exceed our estimates for India, on a relative basis, these are at par/lower than other key competing economies. With goods exports to the US at 2.1% of GDP (total) and 1.7% of GDP (excluding energy and pharma which are exempt from tariff hikes), the direct impact will likely be less severe. However, a slowdown in US growth and weak global trade momentum will
impact external demand," said Morgan Stanley in a research note.
Share market today live updates: Motilal Oswal on gold touching new high
"The glittering metal has hit a record high, as nervous investors rushed towards safe-haven assets after U.S. President Donald Trump announced more aggressive-than-anticipated tariffs against major trading partners, widening the global trade war," said Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services.
Share market today live updates: Tariff impact on IT stocks
"The Nifty IT Index has corrected ~20% in the last three months due to concerns over the recession in the US and the tariff war," said Sumit Pokharna, VP-Fundamental Research, Kotak Securities.
"Any imposition of retaliatory tariffs on US exports by the US’s trading partners could add to global inflation, which had turned benign. Higher tariffs may result in higher inflation (versus the 2% target of the US Fed) and may impact the FED’s rate cut decision which is not conducive for the IT sector, in general. We believe investor's focus will soon turn squarely to a string of key technology earnings. Infosys, TCS, TechM, Coforge, and Indegene are our key picks," he added.
Share market today live updates: Nifty snapshot
The Nifty market breadth remained positive in afternoon trade, with 1,875 stocks advancing, outpacing the 809 declines, while 63 stocks remained unchanged. A bullish undertone was visible as 32 stocks hit their 52 week highs, compared to 20 stocks touching 52 week lows. 225 stocks locked in the upper circuit, while only 10 stocks hit the lower circuit.
Share market today live updates: Afternoon market update
Share market today live updates: Sun Pharma up 4.5%
The share price of Sun Pharmaceuticals rose 5.8% to an intra-day high of Rs 1,812.70. The surge in the stock price came after the US didn't impose reciprocal tariffs on pharmaceutical products. The stock was the top gainer in the Nifty 50. The stock was up 4.45% to Rs 1,789.90 on the National Stock Exchange at 11.53 PM.
Share market today live updates: Tariff Impact on Auto sector
"US has imposed 25% tariffs on imported cars, light trucks and select auto parts sourced from outside of North America. Further, almost 150 auto parts will face tariffs at similar rate. This move could result into increase in car prices in the US and cost pressure for component suppliers," said Arun Agarwal, VP - Fundamental Research - Automobiles, Kotak Securities.
"We believe there will be some impact, which the suppliers will have to bear, leading to negative implications on margins. Having said that, it needs to be seen on how higher tariffs are absorbed across the supply chain that includes customers, OEMs and suppliers. The extent of impact for Indian players will also depend on the US-India bilateral agreement over the next few months," he added.
Share market today live updates: Dabur India fell 7.5% on muted growth guidance
Dabur India's share price dropped by 7.57% to an intra-day low of Rs 458.20. The company's shares fell after it shared a muted outlook and guidance for Q4 FY26. Also, in its quarterly update, it informed that the general trade continued to be under pressure.
Share market today live updates: Top gainers at this hour
The top gainers in the Sensex 30 at this hour include Sun Pharma, UltraTech Cement, PowerGrid, NTPC, and Asian Paints.
Share market today live updates: Jm Financial on Trump's tariffs
"In India's case, the applicable tariff is set at 26% vs. the derived tariff rate of 52% currently. Although the tariff announcement eliminates the uncertainty around the tariff rates prima facie, the elevated tariffs would exert pressure on global trade practices as trade partners start re-evaluating their supply chains," JM Financial said.
Share market today live updates: Tariffs remain key US trade weapon
The US's latest tariff measures reaffirm its aggressive trade stance, using tariffs as a negotiation tool while allowing limited flexibility for trade partners. While China faces a steep 34% tariff on top of an already high 40% rate, Canada and Mexico remain exempt under USMCA rules. Meanwhile, global markets await responses from key players like the EU, which may retaliate with non-tariff measures, including restrictions on US firms.
"The risk of a broader trade war remains as partners weigh their responses. Markets will closely watch whether negotiations can soften the impact," noted HSBC Global Research.
The share price of IT stocks slumped after US President Donald Trump’s administration imposed 26% reciprocal tariffs on Indian imports to the US. The Nifty IT, a basket of Indian tech stocks, fell 2.5% to 35,371.55 levels. Growth concerns are a big fear amid slowing big deal wins.
For detailed analysis read more: Trump tariff impact: Tech stocks plummet, Nifty IT cracks 2.5%
Share market today live updates: Cautious optimism and sectoral shifts
"We believe India will be able to safely navigate through the tariff challenges and is more likely to engage with US through negotiations rather than heating up the trade war. The immediate negative sentiment should be visible in the markets, but we still retain our second half macro recovery thesis, and view a potential trade agreement with US as a positive long term development," noted Bernstein research report.
"We upgrade healthcare to equal-weight, given its limited impact and downgrade IT to equal weight given the US recession risk rises in the wake of these measures," added the report.
Share market today live updates: Edelweiss MF says Trump tariffs raises recession risk
"A Shifting Economic Landscape – Relief, Resilience, and Recession Risk: "Relief" for now as no incremental adverse impact on large exporting sectors like IT services, Pharma, and Auto. "Relatively better" for India in terms of improving relative competitive advantage versus Asian Peers, but increases "Recession" related fears in the US over time," said Trideep Bhattacharya, President & Chief Investment Officer of Equities at Edelweiss MF.
Share market today live updates: Nifty Auto down 0.87%
The Nifty Auto index was trading on a lower note as the US imposed 25% tariffs on foreign-made automobiles imported to the US. The sectoral index Nifty Auto was down 0.87% at 21,223.25 level.
Share market today live updates: Nifty Pharma soars 4.7%
The Nifty Pharma has soared 4.7% to 21,936.75 level as soon as markets opened. The pharma stocks were the top gainers in the Nifty 50. Sun Pharma, Cipla, and Dr Reddy's Lab were the top three gainers, rising as much as 5.23%.
Share market today live updates: Nifty IT collapse 2.5%
US President Donald Trump's tariff tornado took Indian IT stocks by storm. The share price of IT stocks slumped in Thursday’s trade after the Trump administration imposed 26% reciprocal tariffs on Indian imports. The Nifty IT fell 2.5% to 35,371.55 levels.
Share market today live updates: Nifty pharma up 4%
In a major relief for India’s pharmaceutical industry, US President Donald Trump’s new tariff policy has spared the pharma sector from additional duties. Following the announcement, pharma stocks are trading higher, with the Nifty Pharma Index rising to 21,799.60, up 4% in early trade.
Share market today live updates: Major gainer and losers at this hour
In the early trading hours, the major gainers in the Nifty 50 include Dr Reddy Laboratories, Sun Pharma, Cipla, NTPC, and PowerGrid. On the other hand, HCL Tech, Infosys, TCS, Bajaj Auto, and Tech Mahindra.
Share market today live updates: Gold rates
"Gold and silver prices showed very high price volatility in the international markets after the US President Donald Trump announced sweeping new global tariffs on Wednesday late night, in a move that roiled equity markets and sent gold and silver prices to session highs," Rahul Kalantri, VP Commodities, Mehta Equities Limited.
"The dollar index and the U.S. 10-year bond yields slipped to 5-1/2 month lows.," he noted.
Share market today live updates: Indian markets open lower as Trump’s tariff shock weighs
Indian stock markets opened in the red on April 3, reacting to the impact of US President Donald Trump’s sweeping tariff hikes. The steep duties on key trading partners, including China, the EU, and Japan, have rattled global markets, leading to cautious sentiment back home.
The Sensex began the session at 75,811.86, down 1.05%, while the Nifty opened at 23,193.90, marking a decline of 0.59%.
Share market today live updates: Axis Securities sees 22,800 key zone
“Asia is a sea of red due to last night's tariff announcements, so the nifty is expected to open weak. That said, first support in the 23,090 - 23,141 followed by the critical 22,800-23,000 zone will be in focus. The close today will be an important first hint of who between the bull and the bear is more confident now that the announcements are out of the way,” said Akshay Chinchalkar, Head of Research at Axis Securities.
Share market today live updates: Pre-opening trends
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