Mumbai: 

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.

Laggards included, HCL Technologies, NTPC, Larsen & Toubro, Adani Ports, Reliance Industries, Maruti Suzuki India, Tata Motors, Tata Steel, IndusInd Bank, Infosys, Tech Mahindra, and Sun Pharmaceutical Industries. Gainers included, Bharti Airtel, Nestle India, Hindustan Unilever, Mahindra & Mahindra, HDFC Bank, Bajaj Finance, Kotak Mahindra Bank, and ICICI Bank.

The expert advised the investors to wait for the dust to settle down.

Nikkei traded over 3 per cent lower, and Seoul’s KOSPI traded nearly 2 per cent down. 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.

“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”.

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