Mumbai, April 2, 2025: The announcement by U.S. President Donald Trump threatening to impose tariffs on all countries has sent shockwaves through global markets, particularly in India. Investors, worried about the potential economic impact, have begun selling shares, leading to significant losses.
As a result, the Bombay Stock Exchange (BSE) Sensex plunged by 1,390 points, closing at 76,024 points. Similarly, the National Stock Exchange (NSE) Nifty fell by 353 points, closing at 23,165 points. This drop has led to a loss of around 3 lakh crore rupees for investors.
The real estate, IT, and financial services sectors were hit hardest, with these industries seeing declines of up to 2.45%. Stocks like HCL Tech, Bharat Electronics, Bajaj Finserv, HDFC Bank, and Hindalco experienced a dip in value.
This market turbulence is being attributed to the uncertainty surrounding President Trump’s tariff proposal, raising concerns over the impact on global trade and Indian industries.
