Stock Market Close Highlights: Sensex slips 319pts on US tariff jolt; Nifty at 23,361; Smallcaps dip
The Indian stock marketplace started out the week on a cautious word, with benchmark indices BSE Sensex and NSE Nifty50 remaining inside the red following fresh US tariff bulletins. President Donald Trump imposed duties of 25% on Canada and Mexico, and 10% on China, citing worries over unlawful immigration and drug trafficking, which weighed on international investor sentiment.
The BSE Sensex dropped via 319.22 factors (0.51%) to shut at seventy seven,186.Seventy four, transferring in the variety of 77,260.37 to 79,756.09 throughout the consultation. Similarly, the NSE Nifty50 fell 121.10 factors (0.52%) to settle at 23,361.05, after touching an intraday high of 23,381.60 and a low of 23,222.
Market breadth remained vulnerable, with 35 out of 50 Nifty stocks ending in negative territory. The top laggards included Larsen & Toubro, Tata Consumer, Hero MotoCorp, Coal India, and Bharat Electronics, with losses of up to 4.67%. On the upside, Bajaj Finance, Shriram Finance, Mahindra & Mahindra, Wipro, and Bajaj Finserv bucked the trend, gaining up to 5.12%.
Broader markets also struggled, with the Nifty Smallcap100 index plunging 2.13% and the Nifty Midcap100 index losing 0.93%.
Among sectoral indices, Nifty Oil & Gas (-2.22%), FMCG (-1.67%), and PSU Bank (-1.60%) bore the brunt of the sell-off. However, pockets of energy were visible in Nifty IT, Auto, Pharma, Healthcare, and Consumer Durables, which managed to publish modest gains of up to 0.68%.
The effect of the United States exchange measures is predicted to keep markets on side, as traders keep to weigh the results for global exchange and economic increase.
Disclaimer: This article is for informational purposes only and not financial advice. Consult a qualified advisor before making investment decisions.