Stock Market: Sensex, Nifty join global selloff as Trump tariffs trigger trade war fears
Stock Market Today: On April 4th, 2025, the BSE Sensex plummeted 930.67 points, closing at 75,364.69, while the NSE Nifty dropped 345.65 points to 22,904.45. This sharp decline was attributed to a widespread sell-off fueled by growing global trade war fears stemming from US President Trump's tariff announcements.
Mumbai: The BSE Sensex plunged 930.67 points to close at 75,364.69 on April 4, 2025. The broader NSE Nifty dropped 345.65 points to settle at 22,904.45. The equity benchmark indices due to an across-the-board sell-off and weak global markets. Following US President Donald Trump’s tariffs announcement there has been a growing global trade war fears. Market heavyweights Reliance Industries, Larsen & Toubro and Infosys recorded heavy selling.
Laggards from the Sensex pack included, Tata Steel, which plummeted 8.59 per cent. Other laggards were – Adani Ports, Infosys, NTPC, IndusInd Bank, Tech Mahindra, HCL Technologies, Tata Consultancy Services, Tata Motors, Larsen & Toubro, Reliance Industries, and Sun Pharmaceutical.
Gainers included, Nestle India, ICICI Bank, ITC, Asian Paints, Axis Bank, Bajaj Finance, and HDFC Bank.
“Markets slumped in sync with the crash in global equities with sectors crashing over 2-6 per cent on broad-based selling,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
Investors are skeptical and fear Trump’s tariff policy could fuel recession and drive inflation in the US going ahead and engulf other key economies, Tapse said.
The BSE Sensex dropped over 591.05 points to 75,704.31 in early trade on April 4, 2025, Friday. The broader NSE Nifty declined 202.55 points to 23,047.55. The benchmark equity indices slumped due to heavy selling in metal, oil & gas shares. President Trump’s tariff imposition reignited the fears of global trade war.
“Markets are going through heightened uncertainty, which is likely to last some time. A trade war has been triggered by Trump and retaliatory tariffs from China, EU and others are on the cards.
“This will only extend the period of uncertainty and confusion in the market,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.
Vijayakumar further, said “It appears that contraction in global trade and decline in global growth are inevitable in the present context. Decline in global growth will impact India’s growth, too, even though we might do better than other large economies”.
The expert advised the investors to wait for the dust to settle down.
Tokyo and Seoul ended lower. Shanghai and Hong Kong remained closed on the occasion of Qingming festival. The US stock markets settled lower in overnight deals on Thursday.
According to HDFC Securities’ Head of Prime Research Devarsh Vakil, the US stock markets closed with biggest drop since 2020 as Trump tariffs announcement ignited fears of an all-out trade war and a global economic recession.
Investors are awaiting US Federal Reserve Chair Jerome Powell’s speech on Friday, which could throw light on the shape of the America’s economy.
According to foreign exchange data, foreign institutional investors (FIIs) sold equities worth Rs 2,806 crore on 3rd April. Domestic Institutional Investors (DIIs) bought shares worth Rs 221.47 crore on a net basis.
On April 3, the 30-share BSE Sensex dropped 322.08 points to end at 76,295.36, and the broader NSE Nifty declined 82.25 points to settle at 23,250.10.
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