Sensex Today | Stock Market LIVE Updates: From the Sensex pack, Tata Motors, Tata Steel, Infosys, L&T, Maruti, and Tech Mahindra were the top laggards, falling up to 3.5%. On the other hand, HDFC Bank, Bharti Airtel, Bajaj Finance, and M&M opened with gains.
On the sectoral front, all indices were in the red, with Nifty Metal opening 3.2% lower, while Nifty Auto, IT, Pharma, Realty, Healthcare, Consumer Durables, and Oil & Gas declined 1-2%.
Why stock market is fallingWhy stock market is falling today? today?
- Trump’s tariff shock sparks global trade war fears
Donald Trump has reignited global trade tensions by introducing a blanket 10% baseline tariff on all U.S. imports. Countries with significant trade surpluses, including India, are set to face steeper duties
- Global selloff accelerates on recession fears
Recession fears deepened after Wall Street posted its sharpest single-day decline since 2020, with the S&P 500 shedding $2.4 trillion in market value overnight, pulling major global indices sharply lower.
- Pharma stocks slump on tariff warning
Indian pharmaceutical stocks took a major hit after Donald Trump signaled potential tariffs aimed at the pharma sector. Shares of companies like Aurobindo Pharma, Laurus Labs, IPCA Laboratories, and Lupin fell by as much as 7%.
- Heavyweight stocks drag indices
Index heavyweight Reliance Industries also added to the market downturn, accompanied by sharp losses in Nifty Pharma (-6.2%), Nifty Metal (-5.3%), and widespread declines across sectors such as IT, Auto, Realty, and Oil & Gas, which dropped between 2% and 4%.
Top stock market updates: - HDFC Bank shares jump over 1% after Q4 update: Gross advances up 5.4% YoY, deposits rise 14%
- Mazagon Dock shares slide 6% as Govt plans up to 4.8% stake sale via OFS
- Oil Marketing Companies shares rally up to 4% as crude prices slip after OPEC+ output hike
Global markets update:- S&P 500 loses $2.4 trillion in market value, biggest one-day loss since 2020
- OPEC+ unexpectedly speeds up oil output hikes, oil drops
- Asian shares fall after worst Wall Street day since 2020
- Gold set for fifth weekly gain as Trump tariffs boost safe-haven appeal
- Wall Street ends with heavy losses as Trump tariffs ignite global recession fears