Sensex Falls 509 Points in Early Trade After Trump’s Tariff Announcement

Sensex, Nifty Open in Red Amid Global Sell-Off Following Trump’s Tariff Move

Indian equity markets opened lower on Friday, mirroring a global sell-off triggered by U.S. President Donald Trump’s announcement of reciprocal tariffs. Investors reacted cautiously as trade concerns weighed on sentiment.

At 9:23 AM, the BSE Sensex dropped 544 points (0.71%) to 75,750, while the NSE Nifty slipped 194 points (0.82%) to 23,059.

Broader Market and Sectoral Performance

• Midcap and smallcap stocks saw sharp declines, with the Nifty Midcap 100 falling 669 points (1.34%) to 51,464 and the Nifty Smallcap 100 losing 253 points (1.56%) to 16,001.

• Sectoral laggards: Auto, IT, PSU banks, pharma, FMCG, metal, realty, and energy sectors were all trading in the red.

• Gainers: The only sector showing resilience was financial services.

Top Gainers & Losers

🔺 Gainers: HDFC Bank, Bajaj Finance, Bharti Airtel, and M&M showed early strength.
🔻 Losers: Tata Motors, Tata Steel, L&T, IndusInd Bank, Maruti Suzuki, Reliance Industries, Sun Pharma, Infosys, and Tech Mahindra saw notable declines.

Market experts suggest heightened volatility could continue as investors assess the potential impact of the U.S. tariff measures on global trade and India's export-driven industries.