FILE PHOTO: A man walks past a logo of Tata Consultancy Services (TCS) before a press conference announcing the company's quarterly results in Mumbai, India, January 11, 2024. REUTERS/Francis Mascarenhas/ | Photo Credit: FRANCIS MASCARENHAS
TCS Q4 results, Tata Consultancy Services stocks today, TCS share price updates, Q4 results live: IT sector dragged due to global trade tensions. IT companies earn a significant share of their revenue from the US.
Tata Consultancy Services (TCS) reported a weaker-than-expected performance for Q4 FY24, with net profit falling 1.7% year-on-year to ₹12,224 crore and revenue rising 5.3% to ₹64,479 crore - missing analysts’ expectations of ₹64,758 crore. The subdued results were primarily driven by continued weakness in North America, TCS’s largest market, where clients remained cautious amid tariff-related uncertainty and tight discretionary budgets. Deal wins for the quarter stood at $12.2 billion, lower than the $13.2 billion secured in the same period last year. The BFSI vertical showed modest growth of 2.5%, while other segments like consumer business, manufacturing, and communications declined. CEO and MD K Krithivasan cited a challenging macro environment but expressed confidence in long-term demand recovery, supported by a strong deal pipeline and growth in emerging markets. Despite near-term headwinds, TCS emphasised its focus on maintaining profitability, operational resilience, and driving transformation for clients through AI and digital services.
Q4 results to watch out for the day: Anand Rathi Wealth and Evoq Remedies also will announce results today
TCS Q4: Top highlights from the results
* TCS Q4 net profit declined 1.7% YoY to ₹12,224 crore, missing estimates.
* Revenue rose 5.3% YoY to ₹64,479 crore, below the expected ₹64,758 crore.
* Deal wins stood at $12.2 billion, down from $13.2 billion last year.
* North America remained weak due to tariff-related uncertainty and client caution.
* BFSI vertical grew 2.5%, while other key sectors reported YoY declines.
- 17:11 | April 10, 2025
TCS Q4 results live today: TCS Q4 profit falls 1.7% to ₹12,224 cr; US tariff uncertainty hits spending
TCS Q4 profit falls 1.7%, revenue misses amid US market slowdown
Tata Consultancy Services reports lower revenue in Q4 due to North America weakness, impacting India's IT sector.
- 16:21 | April 10, 2025
TCS Q4 results live: Profit drops
- TCS: Q4 CONS NET PROFIT 122.24B RUPEES VS 123.8B (QOQ); 124.3B (YOY)
- TCS: Q4 REVENUE 644.8B RUPEES VS 639.7B (QOQ)
- TCS: Q4 EBIT 156B RUPEES VS 157B (QOQ) || Q4 EBIT MARGIN 24.2% VS 24.47% (QOQ)
- TCS: CO RECOMMENDED A FINAL DIVIDEND OF 30 RUPEES PER EQUITY SHARE
- TCS: CO SAYS Q4 ORDER BOOK AT $12.2B
- 16:16 | April 10, 2025
TCS Q4 results live: Revenue for the quarter ended March 2025 stood at ₹64,479 crore
- 16:14 | April 10, 2025
TCS Q4 results live: Consolidated net profit at ₹12,293 crore for the quarter ended March 2025
TCS recorded a consolidated net profit of ₹12,293 crore for the quarter ended March 2025 as against ₹12,502 crore in March 2024.
The IT major’s revenue from operations rose 5.6 per cent y-o-y to ₹2,55,324 crore in March 2025, from ₹2,40,893 crore in March 2024.
- 16:10 | April 10, 2025
TCS Q4 results live: Dividend
Tata Consultancy Services has informed the Exchange that the board at its meeting held on April 10, 2025, recommended Final Dividend of ₹30 per equity share.
- 16:05 | April 10, 2025
TCS Q4 results live: Jefferies slashed target price on Wednesday
Jefferies on TCS: Maintain Hold on Company, cut target price at Rs 3300/Sh from Rs 4530/Sh (Negative)
- 16:04 | April 10, 2025
TCS Q4 results live: Results to be out shortly
- 15:46 | April 10, 2025
Adani Energy Solutions Q4 business updates: Total units sold rose by 8% y-o-y
Adani Energy Solutions
AEML: • The Mumbai utility’s distribution loss further improved to 4.31% in Q4
• Maintained robust supply reliability (ASAI) of more than 99.9%
• In Q4FY25, total units sold rose by 8% YoY to 2,413 million units driven by higher demand in residential and commercial segments offsetting the decline in industrial segment
• The share of e-payment in total collection rose to 83.20% in Q4FY25 vs 80.23% in Q4FY24, highlighting the focused approach to digital adoption
MUL: • With robust industrial and commercial demand, the units sold in MUL increased by 35% YoY to 253 million units vs 188 million units last year
- 15:42 | April 10, 2025
TCS Q4 results live, Global markets today: World markets soar, Indian market closed for Mahavir Jayanti
World markets soared on Thursday, with Japan’s benchmark jumping over 9 per cent, as investors welcomed US President Donald Trump’s decision to put his sharp tariff hikes on hold for 90 days, though he excluded China from the reprieve.
However, US futures edged lower and oil prices also declined. Chinese shares saw more moderate gains, given yet another jump in the tariffs each side is imposing on each others’ exports.
In early trading, Germany’s DAX gained more than 8 per cent and benchmarks in London and Paris gained more than 6 per cent .
Asia shares jump after US stocks soared to historic gains on 90-day tariff pause
In energy trading, benchmark US crude fell 52 cents to $61.83 a barrel. Brent crude, the international standard, declined 70 cents to $64.78 a barrel.
- 14:58 | April 10, 2025
TCS Q4 results live: Expert view | Anand Rathi Institutional Equities
“TCS Q4 revenues expected to be marginally negative sequentially on a QoQ basis, -.5% to -1%, EBITDA margins to slightly improve with the BSNL ramp down around 50 bps improvement vs. Q3FY25 ( 26.6% in Q3FY25 to 27.1%)“
- Sushovon Nayak, IT Research Analyst, Anand Rathi Institutional Equities
- 14:11 | April 10, 2025
TCS Q4 results live: EBITDA may remain flat
EBIT margin may remain flat quarter-on-quarter, with operational efficiencies, despite headwinds from talent investments.
- 13:40 | April 10, 2025
TCS Q4 results live: Indian markets closed for Mahavir Jayanti
Equity, currency and debt markets will be closed today, April 10, on account of Shri Mahavir Jayanti.
Trading will take place on Friday, April 11, 2025. However, a long weekend is ahead as the market will be closed on April 14, 2025, on account of Dr. Baba Saheb Ambedkar Jayanti.
Asian markets soar | Read more
NSE Holidays, Stock market holiday 2025: Indian markets closed for Mahavir Jayanti
Indian Stock market holiday for Mahavir Jayanti 2025. Sensex, Nifty end lower on Wednesday. Asian markets react to Trump’s 90-day pause on tariffs.
- 13:22 | April 10, 2025
TCS Q4 results live: TCS’ partnership to transform banking solution in UK
Tata Consultancy Services in March 2025 partnered with The Cumberland Building Society in the UK to modernise its core banking ecosystem. Through this collaboration, TCS will deploy its digital banking solution, TCS BaNCSTM for Core Banking, along with TCS Digital Home Lending Solution, and Quartz for Compliance, to drive innovation and operational efficiency.
- 12:57 | April 10, 2025
TCS Q4 results live: Kotak Institutional Equities | Expert view
Kotak analysts estimate TCS to record revenue of ₹64,964 crore for the quarter ending March 2025, a 1.5% increase from ₹63,973 crore in the previous quarter.
- 12:40 | April 10, 2025
TCS Q4 results live: Kotak analysts emphasise on the recession fears
A recession in the current setup will be very different from 2008 and 2020 crises
A recession in the current scenario will be different from the previous two due to a few factors: (1) a change in impacted sectors—retail and manufacturing will be impacted more compared to financial services and travel in the past, (2) a change in the role of the government from a driver of recession compared to savior in earlier ones, (3) the velocity of change and uncertainty are a lot higher, (4) the weakening of the USD will limit the extent of rupee depreciation and (5) monetary policy support could be limited due to the risk of heightened inflation in a high-tariff regime.
- Kotak Institutional Equities
- 12:30 | April 10, 2025
TCS Q4 results live: Expert view | Gartner’s principal analyst
Biswajit Maity, Senior Principal Analyst at Gartner, told businessline that 2024 opened with strong optimism for growth, but the anticipated performance in Q3 did not materialize. Given the prevailing global economic pressures and geopolitical uncertainties, IT spending projections for 2024 were slightly revised downward from 8.2 per cent to 8.0 per cent, reflecting softer-than-expected investment in services and devices.
“With a significant share of revenue tied to the North American market, potential U.S. government policy shifts and budget cuts could reshape IT expenditure, impacting service and tech vendors alike. It’s possible that U.S. businesses may increasingly shift their attention toward cost reduction, which could have implications for global IT service providers. For those with heavy reliance on the Indian IT service providers, this might create challenges on both demand and pricing fronts—but it remains to be seen how significantly this will play out or whether the impact will be as noticeable as expected. But for now, the final quarter of last financial year is projected to end with modest revenue gains, consistent with trends seen over the past two years, as the industry looks ahead to a potential return to double-digit growth in 2025,” said Biswajit Maity.
- Vallari Sanzgiri of businessline reports | Read
- 12:27 | April 10, 2025
TCS Q4 results live: InCred Research
InCred Research said TCS expected services growth to be offset offest by the decline in BSNL revenue and absence of non-recurring license revenue recognized in the third quarter. USD revenue decline will be led by cross-currency headwinds.
“Headwinds from re-investments in business, including strengthening of partnership ecosystem, could offset margin tailwinds from INR depreciation, change in mix, and reversal of furloughs,” said the report, listing key monitorables as conversion of deal pipeline, FSI, retail & manufacturing vertical commentary, and large deal ramp-up outlook.
- 12:25 | April 10, 2025
TCS Q4 results live: Downcycle playbook, says BNP Paribas
“Our analysis suggests that recent corrections in TCS, INFO and LTIM have largely captured the downside risks from earnings cuts and valuation de-rating.”
-BNP Paribas
- 12:19 | April 10, 2025
TCS Q4 results live: A rewind
Q3 rewind: Tata Consultancy Services (TCS) reported a net profit of ₹12,380 crore for the third quarter of the financial year 2024-25, up 5.5 per cent compared to ₹11,735 crore in the same quarter of the previous fiscal year. Net profit increased by 3.9 per cent quarter-on-quarter compared to ₹11,909 crore in the second quarter.
- 12:14 | April 10, 2025
TCS Q4 results live: TCS, Accenture, Infosys tops LinkedIn India top companies 2025
Tata Consultancy Services (TCS) holds the top spot for another consecutive year, followed by Accenture at two2 and Infosys at three3. Cognizant secured the fifth position, reinforcing the strength of India’s IT sector. According to LinkedIn, these companies are prioritising hiring in areas like development tools, data storage technologies, and enterprise software—particularly in tech hubs such as Bengaluru, Hyderabad, and Chennai.
- 11:49 | April 10, 2025
TCS Q4 results live : Nuvama Research | Predictions
Nuvama Research estimated TCS to decline by 0.2 per cent sequentially due to BSNL ramp down as well, offset by strong rebound in developed markets. It expects margin to remain flat on a quarterly basis as BSNL tailwinds to come with a lag and deal-wins to be stable.
- 10:50 | April 10, 2025
Q4 results live: IT giant Infosys to announce Q4 results on April 17, 2025
- 10:09 | April 10, 2025
TCS Q4 Results Preview: BSNL rampdown expected to hurt revenue growth
Tata Consultancy Services (TCS) revenue growth is expected to decline 0.2-0.5 per cent in the last quarter of FY25 owing to the ramp down of BSNL, hitting its topline.
The software company will release its Q4 results today.
According to Motilal Oswal, TCS is expected to post a revenue decline of 0.5 per cent on a sequential basis as the BSNL ramp-down starts taking shape. The manufacturing sector is expected to weaken while BFSI is to remain strong. EBIT margin may remain flat quarter-on-quarter, with operational efficiencies, despite headwinds from talent investments. The report expects Q4 margin to be aided by BSNL tapering, and pyramid benefits from early hiring in Q1/Q2
- 09:16 | April 10, 2025
TCS Q4 results live: Results on market holiday
Equity, currency and debt markets will be closed today, April 10, on account of Shri Mahavir Jayanti. Trading will resume on Friday, April 11, 2025.
The NSE Nifty 50 fell 0.61% while the BSE Sensex declined 0.51% on Wednesday, tracking a global selloff sparked by U.S. President Donald Trump’s tariffs. A widely-expected rate cut and dovish stance by the RBI failed to lift sentiment.
With Reuters input
Q4 results updates: TCS, Anand Rathi Wealth and Evoq Remedies will announce Q4 results today.
- 17:47 | April 9, 2025
TCS share price, Q4 results preview live: Shares end in red
Shares declined 1.44% on the BSE to close at ₹3,246.10, the day before declaring its results. Analysts predict muted Q4FY25 performance for the sector.
Stock info:
Day’s open: ₹3,276 (Also day’s high)
Day’s low: ₹3,215.90
Previous close: ₹3,293.55
- 17:42 | April 9, 2025
Closing bell: Markets tumble as US-China tariff war escalates; FMCG bucks trend
Equity markets ended in the red on Wednesday as escalating trade tensions between the US and China dampened investor sentiment, with the benchmark indices sliding for the second time this week. The Sensex closed 379.93 points (0.51 per cent) lower at 73,847.15, while the Nifty 50 dropped 136.70 points (0.61 per cent) to settle at 22,399.15.
- 16:36 | April 9, 2025
TCS share price live, Q4 results, IT stocks live: Expert view | Motilal Oswal Financial Services
“On the sectoral front, Nifty IT index dropped over 2%, mirroring a decline in the US NASDAQ futures. The technology sector will continue to be in focus as TCS announces Q4 results tomorrow. We expect IT earnings to remain muted with a cautious FY26E guidance.”
- Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.
- 16:01 | April 9, 2025
TCS share price, Q4 results preview live: Shares end in red ahead of results day
TCS stock closed 1.44% on the BSE at ₹3,246.10 on Wednesday. The IT major is set to announce its Q4 results tomorrow, setting the tone for the sector, already exposed to macroeconomic uncertainty.
- 15:49 | April 9, 2025
TCS share price live, IT stocks: Nifty IT drags
Nifty IT index ended 2.19% lower on Wednesday at 32,517.35.
- 15:42 | April 9, 2025
Closing bell: Sensex, Nifty end in red; PSU Bank index - the major laggard
- Sensex closed 379.93 pts 0.51% lower at 73,847.15 and Nifty 50 dropped 136.70 pts or 0.61% to 22,399.15.
- India VIX was up 4.83% to 21.43
- PSU Bank fell over 2%, IT and pharma followed. FMCG and consumer durables indexes in green.
Track bl’s stock market live here
- 15:18 | April 9, 2025
TCS share price live, IT stocks live: Expert view | Choice Equity Broking - Muted Q4FY25 Expected
India’s IT sector is expected to face subdued performance in Q4FY25, with cautious near-term guidance expected by managements due to clients reassessing their businesses and reducing discretionary IT spends. As a result, revenue growth for IT and ER&D service providers may drop by 2- 3% in FY26. This shift stems from concerns over potential retaliatory tariffs under Trump, which could lead to a global slowdown or even a recession, especially in the US. While US tariffs don’t directly affect services, they may still hurt India’s software exporters by impacting key client sectors. With a heavy reliance on US and European clients, this poses significant risks for India’s IT industry. Global firms like Accenture raised their FY25 revenue guidance to 5-7% from 4-7%. However, uncertainty persists for FY26E as clients prioritize cost efficiency and large-scale transformations, limiting discretionary spending.
- Choice Equity Broking
- 15:16 | April 9, 2025
Phoenix Mills: Q4FY25 business update
The company reported retailer sales/ consumption growth of 15% YoY to ₹3,262 cr in the period.
For FY25, the retail sales grew by 21% to Rs 13,762 cr
Stock traded at ₹1,497.60 on the NSE, lower by 4.75%.
- 15:08 | April 9, 2025
TCS share price, Q4 results live: Shares dip
Shares of TCS traded 1.32% lower on the NSE at ₹3,249.45 as at 3.06 pm.
The stock opened at ₹3260.55, nearly 6.27% above its recent 52-week low.
- 14:43 | April 9, 2025
TCS share price live: MCap stood at ₹11.75 lakh crore.
- 14:11 | April 9, 2025
TCS share price live: BNP Paribas on IT stocks
We cut our FY26-27 earnings estimates by 4-11% and TPs by 4-18% as we bake in a weak demand environment over the near-term and a gradual recovery in FY27.
Based on exposure to the highest impacted verticals, geography, risks to earnings and valuation, and dividend yield support, we find TCS and INFO to be the most attractive, and WPRO and TECHM to be the least. Any reversal or even a delay in tariffs in the near term is a key upside risk to our estimates, especially for growth stocks (PSYS, INFO). Any prolonged impact of tariffs is a key downside risk.
The Nifty IT Index is down 23% YTD as investors have rushed to price-in a likely US recession. We looked at Indian IT Services industry revenue growth performance since 1992 and analysed the last four macroeconomic downcycles in the US and its impact on Indian IT Services revenue growth. A 1.5ppt slowdown in the US real GDP growth rate on average impacts Indian IT Services revenue growth by c5ppt. This would imply FY26 Indian IT Services revenue growth will likely be flat y-y. The Indian IT Services industry revenue growth has never been lower than the real US GDP growth and has never seen a y-y decline, at least since 1992.
-BNP Paribas
- 14:09 | April 9, 2025
TCS share price live: Shares down 1%
Shares of TCS traded 1.17% lower on the NSE at ₹3,254.40 as at 2.08 pm.
- 13:32 | April 9, 2025
Stock market live: Sensex, Nifty trade lower; IT stocks drag, banking and NBFCs react to RBI repo rate cut
Top gainers & losers todayBanking stocks fell, including gold loan NBFCs Cholamandalam, IIFL Finance, Muthoot Finance, Manappuram Finance as RBI revised repo rate and aims to issue comprehensive regulations on prudential norms for gold loans.
Public sector banks such as Indian Bank, Bank of Baroda, Union Bank of India and Canara Bank depreciated 2 per cent.
IT stocks continued to drag the broader index, while metal and pharma also depreciated. FMCG and auto index showed resilience despite market descent.
BSE Sensex, Nifty trade lower, IT stocks drag, banking and NBFCs react to RBI repo rate cut
Top gainers & losers today: Banking stocks fell, including NBFCs Cholamandalam, IIFL Finance, Muthoot Finance, Manappuram Finance as RBI revised repo rate and aims to issue comprehensive regulations on prudential norms for gold loans.
- 12:34 | April 9, 2025
TCS share price, Q4 results live: Shares trade in red
Shares of TCS traded 1.31% lower on the BSE at ₹3,250.35 as at 12.33 pm.
- Day’s low: ₹3,215.90
- Day’s high: ₹3,246
- Open: ₹3,276
- Previous close: ₹3,293.55
- 12:10 | April 9, 2025
IT stocks, TCS share price live: Nifty IT index dropped 2.37% on the NSE to 32,455.50.
Major losers:
Wipro and Coforge fell over 4%.
Persistent System, Infosys, LTIMindree, TCS and HCL Tech declined 1-3%.
- 11:49 | April 9, 2025
TCS share price, Q4 results preview live: Shares trade 1% lower
Shares of TCS declined 1.34% lower on the NSE at ₹3,248.80 as at 11.48 am.
- 11:30 | April 9, 2025
Q4 results live: BF Utilities consolidated net profit for the quarter ended December 2024 at ₹83.92 crore
BF Utilities recorded its consolidated net profit for the quarter ended December 2024 at ₹83.92 crore as against ₹76.03 crore in the corresponding quarter previous year.
Stock traded flat on the NSE at ₹759.50.
- 11:22 | April 9, 2025
Infosys, Coforge, HCL Tech, TCS share price live: Brokerage recommendations | Jefferies
- Jefferies on Infosys: Maintain Buy on Company, cut target price at Rs 1700/Sh from Rs 1835/Sh (Neutral)
- Jefferies on Coforge: Maintain Buy on Company, cut target price at Rs 7860/Sh from Rs 10350/Sh (Neutral)
- Jefferies on HCL Tech: Maintain Hold on Company, cut target price at Rs 1520/Sh from Rs 1900/Sh (Negative)
- Jefferies on TCS: Maintain Hold on Company, cut target price at Rs 3300/Sh from Rs 4530/Sh (Negative)
- 10:32 | April 9, 2025
TCS share price live, Q4 results tomorrow: Expert View | Elara Capital
Weak Q4 for most, all eyes on FY26
Dollar-denominated revenue growth for Tata Consultancy Services (TCS IN), Infosys (INFOSYS IN), Wipro (WPRO IN), Tech Mahindra (TECHM IN) and HCL Tech (HCLT) should drop sequentially due to seasonality-led weakness and uncertain demand environment. Expect LTIMindtree (LTIM IN) to post flat QoQ revenue growth due to weakness in Travel, Insurance and BFSI.
- Elara Capital
- 10:30 | April 9, 2025
TCS Q4 results, share price live: Shares trade in red
- 10:30 | April 9, 2025
TCS Share price live, IT stocks live today: IT Services results preview | InCred Equities
4QFY25F earnings preview
We expect Tier-I IT services companies to report an average 0.3% qoq constant currency(CC) revenue decline in 4QFY25F led by seasonality, decision delay due to tariff-ledmacroeconomic uncertainty, and account-specific challenges outweighing the benefits ofdeal ramp-ups. Reported growth in US dollar or USD terms could be lower as the USDappreciated by an average 1.7% vs. the Great Britain Pound (GBP) and 1.3% vs. the Euro.Across large-caps, Infosys (INFO IN) could report the highest sequential decline in constantcurrency (CC) terms while Persistent Systems (PSYS IN) and Coforge (COFORGE) couldreport strong growth. L&T Technology Services’ (LTTS IN) growth could be aided by fullquarter integration of Intelliswift acquisition. Slower global growth and pass-back of AI-ledproductivity gains could be key considerations baked into company-specificFY26F/1QFY26F guidance which, we believe, would have a wider range vs. prior yearswhile some companies may be considering a pause, given the limited visibility.
- InCred Equities
- 10:28 | April 9, 2025
TCS share price live, IT stocks today: TCS, Accenture, Infosys tops LinkedIn India top companies 2025
Companies from finance, IT and Software sectors claim 19 of the 25 spots on LinkedIn’s 2025 Top Companies India List.
LinkedIn has released its 2025 Top Companies India list, spotlighting 25 large employers offering the best opportunities for career growth. Dominated by firms from the technology, finance, and enterprise software sectors, the list reflects where Indian professionals are most likely to thrive and advance in today’s evolving job market.
- 10:27 | April 9, 2025
Q4 results live: BF Utilities and OK Play to announce results todayQ4 results live: BF Utilities and OK Play to announce results today
- 10:20 | April 9, 2025
TCS share price live, IT stocks live today: Expert view | Kotak analysts
When do IT stocks bottom out in case of a recession?
We attempt to estimate stock prices at which IT stocks can bottom out in case of a near-term recession. A recession in the current setup will be influenced by unique economic and technological factors: the outcome for IT stocks need not be similar to the previous recessions. We estimate a 22-38% downside to the current FVs and a 18-35% downside compared to CMPs for stocks under coverage, assuming no tariff on services exports. TCS, followed by Infosys, HCLT and Coforge, have lower downside compared to CMP.
- Kotak Institutional Equities
- 10:01 | April 9, 2025
TCS share price live: IT index down 3%
Nifty IT index fell 2.73% to 32,336.90 as at 10 am.
Major losers include:
- Wipro (-4.59%),
- Coforge (-4.20%),
- Mphasis (-4.02%),
- Tech Mahindra (-3.55%),
- TCS (-1.59%)
- 09:58 | April 9, 2025
TCS share price live: Shares down 2%
Shares of TCS traded 1.50% lower at ₹3,243.40 as at 9.56 am.
The stock fell 2% to hit a low of ₹3,212.05 in early trade today from the previous close of ₹3,292.95.
IT stocks are experiencing a downturn due to the Trump tariff war.
- 09:56 | April 9, 2025
TCS share price live: Shares drag on Wednesday
Tata Consultancy Services will set the tone for IT stocks, as it declares its Q4 results tomorrow.
Analysts expect TCS is likely to post muted revenue and profit growth in the fourth quarter of the financial year 2025 (FY25) due to seasonality factors and a slowdown in key projects. Any positive surprise or optimistic outlook comments will help IT stocks.
- 09:55 | April 9, 2025
IT stocks, TCS share price live: IT, pharma drag Indian shares ahead of RBI policy decision - Reuters
Indian shares opened lower on Wednesday, tracking a global equity sell-off driven by escalating trade tensions, while investors eyed the Reserve Bank of India’s policy decision for an interest rate cut and growth support.
The Nifty 50 fell 0.37% to 22,452.1 while the BSE Sensex lost 0.3% to 74,010.03, respectively, as of 09:18 a.m. IST.
Eleven of the 13 major sectors declined, while the broader smallcaps and midcaps lost 0.6% each.
IT companies, which earn a significant share of their revenue from the U.S., lost 2.3%.
The pharma index also dropped 2.3%, after U.S. President Donald Trump said he would be announcing “major tariffs” on pharmaceutical imports soon.
Other Asian markets tanked, with the MSCI Asia ex-Japan dropping 1.9%. Japan’s Nikkei 225 shed 3.1%.
Overnight, Wall Street equities plunged on “stagflation” concerns after the U.S. said it would impose 104% duties on Chinese imports, due to take effect shortly.
In the RBI’s last policy meeting on February 7, it cut the repo rate by 25 basis points to 6.25% to spur growth. Since then, economic uncertainty has risen due to the punishing U.S. trade tariffs, heightening expectations for supportive measures from the central bank.
Reuters
Published on April 9, 2025
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