Indian Stock Market Plunges Over Looming US Reciprocal Tariffs

Sensex drops over 1,000 points as investor concerns grow ahead of April 2 tariff implementation targeting India.

The BSE Sensex fell by 1,193.89 points (1.54%) to 76,221.03, while the NSE Nifty dropped 303.15 points (1.29%) to 23,216.20 during intraday trading on April 1, 2025.
The decline is driven by investor fears surrounding US President Donald Trump's reciprocal tariffs set to take effect on April 2, which are expected to significantly impact India.
IT, financial services, and metal stocks were the hardest hit, with Infosys, Bajaj Finance, and HDFC Bank among the major losers.
The Nifty Realty, IT, and Consumer Durables indices saw the steepest sectoral losses, with the Realty Index dropping 3.45%.
Despite the widespread downturn, IndusInd Bank and Zomato recorded gains, with IndusInd Bank rising 4.35%.