US trade tariffs weigh on markets; Indian IT stocks hit hardest 

Market breadth remained optimistic regardless of the headline index declines, with 2,550 stocks advancing in opposition to 1,224 declining on the BSE

Indian markets traded decrease Thursday following US President Trump’s sweeping tariff bulletins, although they confirmed indicators of restoration from morning lows. The Sensex was down 0.40 per cent at 76,311.52 factors whereas the Nifty fell 0.32 per cent to 23,257.50 factors as of 12:45 PM IST, paring some early losses after sharp declines on the open.

Trump’s “Liberation Day” tariffs, set to start April 5 with a blanket 10 per cent obligation on all US imports, adopted by country-specific tariffs beginning April 9, have rattled international markets. India faces a 26 per cent tariff charge, whereas China (34 per cent), Vietnam (46 per cent), Taiwan (32 per cent), and the EU (20 per cent) will see various ranges of impression.

The expertise sector bore the brunt of promoting strain as corporations with vital US publicity noticed steep declines. Tech Mahindra led the losers, dropping 4.29 per cent, adopted by Infosys (-4.02 per cent), TCS (-3.91 per cent), HCL Applied sciences (-3.44 per cent), and Wipro (-2.94 per cent).

Pharmaceutical stocks bucked the downward development, rising as high gainers. Solar Pharma rose 3.79 per cent, whereas Cipla gained 3.09 per cent. Energy Grid Company superior 3.31 per cent, NTPC added 2.32 per cent, and Shriram Finance climbed 2.30 per cent.

Banking stocks confirmed relative resilience, with the Nifty Financial institution index buying and selling 0.16 per cent increased at 51,428.05.

Market breadth remained optimistic regardless of the headline index declines, with 2,550 stocks advancing in opposition to 1,224 declining on the BSE. Fifty-two stocks reached 52-week highs, whereas 43 touched 52-week lows. The Nifty Midcap 100 index fell 0.46 per cent to 51,816.10.

Analysts anticipate heightened volatility within the days forward as nations contemplate retaliatory measures that would escalate trade tensions. Some nations might try to barter new offers with the US administration, although uncertainty will probably dominate market sentiment within the close to time period.

International markets are anticipated to really feel a extra profound impression in upcoming periods as many had been closed earlier than the White Home launched detailed tariff plans. Asian indices just like the Nikkei and Cling Seng had been already buying and selling sharply decrease in response to the information.

Protected-haven property continued their upward trajectory, with gold sustaining near-record ranges after hitting $3,150 per ounce earlier within the day.

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Printed on April 3, 2025