Indian stock markets opened in selling pressure on Thursday, following a global decline triggered by U.S. President Donald Trump's latest tariff announcement. Investors reacted negatively, leading to a sharp drop in key indices at market opening.
Asian stock markets faced a heavy sell-off on Thursday after US President Donald Trump announced reciprocal tariffs on multiple countries, including India. The move triggered a wave of uncertainty, leading to sharp declines across major indices in the region.
The Indian stock markets opened marginally higher on Wednesday, witnessing gains in the banking and IT sector stocks, as the market participants are eagerly waiting the US tariff scheduled to be announcements on April 2.
Indian stock markets on Tuesday ended lower for the second consecutive trading session, exhibiting a situation of jitters due to the US tariffs scheduled on April 2.
At the end of the trading session, the Nifty 50 of the National Stock Exchange (NSE) stood at 23,350.40, up about 159 points or 0.69 per cent. The Sensex at BSE was up 557.45 points or 0.73 per cent at 76,905.51.
The panic in the Indian equity markets is expected to continue despite low volatility in the past few months of trading, said Nuvama in its recent report.