New Delhi, Traders’ wealth dropped by Rs 3.44 lakh crore on Tuesday as markets fell sharply with the BSE benchmark Sensex tumbling 1,390 factors amid heightened uncertainty forward of the anticipated rollout of the US reciprocal tariffs on April 2. The BSE benchmark gauge tanked 1,390.41 factors or 1.80 per cent to settle at 76,024.51. Through the day, the index plummeted 1,502.74 factors or 1.94 per cent to 75,912.18.
Monitoring the weak development in equities, the market capitalisation of BSE-listed companies eroded by Rs 3,44,058.44 crore to Rs 4,09,43,588.06 crore (USD 4.78 trillion).
“Benchmark indices began the brand new fiscal FY26 on a bitter observe after ending sharply decrease on Tuesday forward of US President Donald Trump’s tariff announcement,” Satish Chandra Aluri, Analyst at Lemonn Markets Desk, mentioned.
Trump plans to roll out a set of reciprocal tariffs on April 2, which he says will likely be “Liberation Day” for the US.
“Indian equities confronted sharp declines on the primary buying and selling session of FY26, with the Nifty tumbling 1.5 per cent to shut at 23,165, amid heightened issues over US President Trump’s reciprocal tariff plans, which take impact from April 2nd,” Siddhartha Khemka, Head – Analysis, Wealth Administration at Motilal Oswal Monetary Companies Ltd, mentioned.
From the Sensex pack, HCL Tech, Bajaj Finserv, HDFC Financial institution, Bajaj Finance, Infosys, Titan, ICICI Financial institution, Solar Pharma, Reliance Industries, Larsen & Toubro, Tech Mahindra and NTPC had been among the many greatest laggards.
Amongst gainers, IndusInd Financial institution jumped over 5 per cent whereas Zomato ended marginally larger.
The BSE midcap gauge tanked 1.04 per cent whereas smallcap index went up marginally by 0.07 per cent.
Amongst BSE sectoral indices, realty slumped probably the most by 3.05 per cent, adopted by shopper durables (2.51 per cent), BSE Centered IT (2.42 per cent), IT (2.24 per cent), monetary providers (1.78 per cent), teck (1.73 per cent) and bankex (1.50 per cent).
BSE telecommunication and oil & fuel had been the gainers.>
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