Overview

• The BSE Sensex dropped 325.14 points, and the NSE Nifty fell 119.35 points as markets opened lower for the second consecutive day on April 4, 2025.
• IT, metal, and telecom sectors were the hardest hit, with major companies like Infosys and HCL Technologies experiencing significant losses.
• Small-cap and pharma stocks showed resilience, with the Nifty Smallcap100 index gaining 0.58% and the Nifty Pharma index rising 2.25%.
• Analysts emphasize India's relatively lower tariffs compared to other Asian economies as a potential draw for Foreign Institutional Investors despite short-term market volatility.
• The rupee traded within a volatile range of 85.75 to 85.35, reflecting uncertainty in global trade dynamics caused by the US tariffs.