Indian Stock Market Today Live Updates: Bulls took back control on Dalal Street as the Sensex zoomed 1,085 points on Tuesday morning. The broader Nifty50, too, was trading 1.6 per cent higher, up 353 points. The sentiment was part of a broader positive wave in the Asian markets, which opened higher after taking a beating on Monday. Japan’s Nikkei 225 benchmark shot up more than 6 per cent on Tuesday after falling nearly 8 per cent a day earlier. Despite multiple developments on the tariff front — with Trump warning of 50 per cent more tariffs on China to Beijing vowing a ‘fight to the end’, investors took heart in signs of tariff negotiations gaining pace in Washington.
Market crash on Monday: Domestic benchmark equity indices Sensex and Nifty plummeted over 5 per cent on Monday morning, following a sharp decline in US futures triggered by United States President Donald Trump’s sweeping reciprocal tariffs last week. The BSE’s 30-share Sensex nosedived 5.19 per cent, dropping 3,914 points to open at 71,449.94. Meanwhile, the broader Nifty slipped 5 per cent, or 1,146.05 points, opening at 21,758.4. However, stock markets made a recovery in the last hour of trading on Monday, with Sensex closing at 73,137, climbing 500 points. Meanwhile, Nifty 50 closed at 22,161 after 200 point recovery in the last hour.
What Trump said on massive sell-off? Trump said he didn’t want global markets to fall, “but sometimes you have to take medicine to fix something.” His comments came as global financial markets appeared on track to continue sharp declines. He announced sweeping tariffs on major trading partners including India, calling April 2 “Liberation Day” and declaring it “one of the most important days in American history.”
On stock market, Maharashtra CM Devendra Fadnavis said, "Tariffs will impact us in some areas, but overall, a business opportunity is also being created for us because of the tariffs, and we are trying to assess that business opportunity and move in that direction. I think overall, if we see its impact, there will be a moderate impact. Initially, we think so, and that is why the market is gradually improving."--ANI
BSE Sensex closed at 74,227 -- 1089 points above previous close -- meanwhile, NSE Nifty 50 closed at 22,535 -- 374 points above the previous close.
Jio Financial Services Private Ltd. recorded a 5.40 per cent rise on NSE Nifty. On the other hand, Titan Company Ltd. climbed 3.25 per cent on BSE Sensex.
Markets indicate a positive direction despite the indices falling in the last hour.
Nifty 50 recorded 22,525, still 350 points above the previous close, meanwhile Sensex recorded 74,184, 1000 points above the previous close.
Jio Financial Services Ltd. led the charts recording a 5.27 per cent rise on NSE Nifty 50. It was followed by Shriram Finance Limited (5.08 per cent), Bharat Electronics Limited (3.66 per cent), Cipla Limited (3.56 per cent) and Eicher Motor Limited 3.24 per cent).
Singapore is setting up a national task force to support businesses and workers from sweeping US tariffs that could slow economic growth and affect jobs and wages, Prime Minister Lawrence Wong said in Parliament on Tuesday.
The task force, chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, will include representatives from the city-state's economic agencies, the Singapore Business Federation, the Singapore National Employers Federation and the National Trades Union Congress.
Describing the global situation as "fluid", PM Wong said in a ministerial statement in Parliament that the task force will help businesses and workers address immediate uncertainties, strengthen resilience and adapt to a new economic landscape.
The tariffs are expected to dampen global growth in the near term, which will hit external demand for Singapore's export-reliant sectors, such as manufacturing and wholesale trade. (PTI)
Sensex rallied over 1600 points while Nifty was up by 503 points at 1.35 pm on Tuesday, a day after recording a major dip due to Trump tariffs.
Indonesia plans to purchase liquefied petroleum gas, liquefied natural gas and soybeans from the United States as part of efforts to negotiate on recently announced U.S. tariffs, chief economic minister Airlangga Hartarto said on Tuesday. (Reuters)
Japan's Nikkei share average closed 6% higher on Tuesday, recovering from a 1-1/2-year low hit in the previous session, as investors scooped up stocks, encouraged by signs of a recovery on Wall Street.
The Nikkei index climbed 6.03% to 33,012.58, marking its sharpest daily percentage gain since August 6.
The broader Topix also recorded a more than 6% gain, closing at 2,432.02.
"Investors bought back stocks as they thought the shares were oversold. They saw signs of a market recovery as U.S. stock futures rose in Japan trade," said Takamasa Ikeda, senior portfolio manager, GCI Asset Management.
The S&P 500 and the Dow closed lower, while the technology-heavy Nasdaq posted marginal gains on Monday following a roller coaster session. (Reuters)
China's state planner said on Tuesday it held a meeting with private domestic companies, including Trina Solar, ride-hailing company Didi and Goertek, to hear suggestions about how to deal with additional U.S. tariffs. (Reuters)
China's state-owned asset regulator said on Tuesday it would guide the country's state owned enterprises (SOEs) to contribute to the healthy and stable development of its capital market and create high quality targets for investors. (Reuters)
China says it will “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports. The Commerce Ministry said Tuesday the U.S.‘s imposition of “so-called ‘reciprocal tariffs’” on China is “completely groundless and is a typical unilateral bullying practice.”
Nifty was up 224 points in midday trade after a minor dip after markets opened.
BSE Sensex climbed 700 points less than an hour after plunging from the early morning gains.
The rupee stayed on sliding track and depreciated 7 paise to 85.83 against the US dollar in early trade on Tuesday due to massive withdrawal of foreign funds amid global economic turbulence triggered by the escalated tariff war.
A recovery in crude oil prices pulled the domestic currency further down even as it found some cushion due to a weaker American currency and strong recovery in the domestic equity markets, forex traders said. (PTI)
China and Hong Kong stocks regained some ground on Tuesday, steadying in the wake of stronger regional markets and government-led support after a brutal selloff triggered by concerns over trade tariffs.
China's blue-chip CSI 300 Index climbed 1% and the Shanghai Composite Index gained 0.9% at midday trading break, after both slid more than 7% on Monday.
Hong Kong's Hang Seng Index rose 1.6% after slumping 13.2% in the previous session, its steepest decline since the 1997 Asian Financial Crisis. The Hang Seng Tech Index added 3.6%, after plummeting 17% on Monday. (Reuters)
China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.
The Commerce Ministry said the US' imposition of “so-called reciprocal tariffs'” on China is “completely groundless and is a typical unilateral bullying practice.” China has taken retaliatory tariffs and the ministry hinted in its latest statement that more many be coming.
“The countermeasures China has taken are aimed at safeguarding its sovereignty, security and development interests, and maintaining the normal international trade order. They are completely legitimate,” the ministry said. “The US threat to escalate tariffs on China is a mistake on top of a mistake and once again exposes the blackmailing nature of the US. China will never accept this. If the US insists on its own way, China will fight to the end.” Trump's threat Monday of additional tariffs on China raised fresh concerns that his drive to rebalance the global economy could intensify a financially destructive trade war. Stock markets from Tokyo to New York have become more unstable as the tariff war worsens.
Trump's threat came after China said it would retaliate against US tariffs he announced last week. (PTI)
Sensex on Tuesday was up 1085 points in the opening trade, a day after the market plummeted significantly due to the tariffs imposed on India by the Donald Trump-led US administration. Not just Sensex, but Nifty 50 also showed a steady recovering, up by 370 points at 9.19 am.
Rising global uncertainty and fear of slowdown in its biggest market, the US, is seen taking a toll on the Indian IT industry's showing, with several analysts now warning that a possibly weak exit for the just-ended FY25 may be followed by an "unexciting guidance" or outlook pullbacks for FY26 as well as pain up ahead in verticals such as retail and manufacturing.
Discretionary spends, they say, would most likely come under cloud, again, dashing any hopes of its near-term recovery. Market watchers further warn that the next 3-6 months could see a build up of negative news -- including earnings cuts and potential pullbacks in FY26 guidance.--PTI
Stock markets made a recovery in the last hour. Sensex closed at 73,137 after making a recovery of over 500 points.
Meanwhile, Nifty 50 closed at 22,161 after 200 point recovery.
Amid a plummeting stock market triggered by Trump's reciprocal tariffs, Indian companies are set to borrow $4.5 billion by selling bonds in the first five trading sessions of April to take advantage of the plunge in yields, a rare move as they typically do not need major funds at the start of a new financial year.
The sales include planned issues worth more than $2 billion on Tuesday, the end of the five-day run that will have included at least 15 companies tapping the bond market.
Yields on AAA-rated up-to-five-year corporate bonds have dropped 25-30 basis points in April, while those for the longer-term papers have plunged 20-25 bps.--Reuters
India's stock benchmarks clocked their worst session in 10 months on Monday as a tariff-fueled selloff intensified and investors dumped riskier assets on growing fears of a global recession.
The Nifty 50 lost 3.24 per cent to 22,161.1 while the BSE Sensex fell 2.95 per cent to 73,137.9. Both benchmarks posted their worst single-day decline since June 4, 2024.
Other global markets slumped, with the MSCI Asia ex-Japan index losing 8.3 per cent. Japan's Nikkei 225 dropped 7.8 per cent, while European stocks plunged with Germany's Dax falling 5.3 per cent and the British FTSE shedding 4.1 per cent.
President Donald Trump's new tariffs are "larger than expected" and are likely to impact inflation and growth, Federal Reserve Chair Jerome Powell said on Friday, flagging an uncertain outlook for the U.S. economy.--Reuters
European equities' impressive start to 2025 has been obliterated in three sessions of heavy selling, while executives tot up the potential impact of U.S. tariffs on supply chains, possibly forcing them to ditch previous financial predictions.
U.S. President Donald Trump's tariffs are more sweeping than many market players feared, sending global stocks plummeting as investors flee to safe-haven assets amid recession worries.
Companies in Europe's STOXX 600 index, which had its best first-quarter relative to the U.S. S&P 500 in a decade, had been expected to report unbroken quarterly earnings growth through 2025 and into 2026, according to LSEG data.
On Friday, the STOXX 600's year-to-date performance turned negative. And as of 1000 GMT on Monday, it is down 12% since the April 2 close - just before Trump's tariff bombshell.--Reuters
Andhra Pradesh Chief Minister N Chandrababu Naidu has appealed to the Centre to shield the state’s aquaculture or fish farming products from the heavy tariffs being levied by the Donald Trump administration.
In a letter to the Union Minister for Commerce and Industry Piyush Goyal, Naidu asked the Centre to come to the rescue of aqua farmers by making efforts to ensure that the products are exempted from additional duty. Naidu’s TDP is an ally of the BJP at the Centre.
Informing the Union Minister that the fisheries sector plays a crucial role in the State’s Gross Domestic Product, Naidu wrote that the Centre should stand by the aqua farmers when they are in deep crisis.
He mentioned in the letter that the US administration has imposed a 27 per cent import duty on marine food exports from India. In 2023-24, marine food products worth $2.55 billion were exported from India to the US, of which shrimp alone accounted for 92 per cent, he wrote.
In a bid to strike an early trade deal with the US and potentially sidestep the 26 per cent reciprocal tariffs, the Ministry of Commerce and Industry has stepped up efforts by expanding its NAFTA division, which handles India’s bilateral trade with the United States, Canada, and Mexico, The Indian Express has learnt.
The ministry has begun assigning new officers to strengthen the NAFTA (North American Free Trade Agreement) division as more coordination officers would help the division manage the workload better. Senior officers nearing the end of their term in the ministry may also see their tenures extended, two government officials aware of the development said.
A swift deal with the US is crucial for Indian exports, as several countries hit with high reciprocal tariffs—such as Vietnam and Cambodia—have signalled to the US their willingness to slash tariffs on American goods under a trade agreement. The US is also in talks with several other countries that have expressed interest in such deals.
The Congress on Monday took a swipe at Prime Minister Narendra Modi over the stock market crash, saying both he and US President Donald Trump are experts in giving their economies "self-inflicted wounds" and that markets are reacting predictably in a "tariffying" manner.
Stock market benchmark indices went into a tailspin in early trade on Monday, with the Sensex and Nifty crashing over 5 per cent, mirroring a sharp fall in global equities, after US President Trump's tariff hikes and retaliation from China fanned fears that a full-blown trade war will impact economic growth across the globe.
In a post on X, Congress general secretary in-charge communications Jairam Ramesh said, "It is no wonder that Mr. Modi and Mr. Trump describe themselves as good friends. Both are experts in giving their economies self-inflicted wounds." "November 8, 2016 was demonetisation. April 2, 2025 was the bizarre reciprocal tariffs. Markets are reacting predictably in a tariffying manner," Ramesh said. (PTI)
The analysts who said Trump is unlikely to walk his tariff talk have now been proven wrong, there is a growing view that these tariff will not last. There are perhaps a few different ways in which the endgame could eventually play out. One possibility is that the reverses in the American stock markets and pressure from his own supporters would force Trump to temper the tariff push.
Secondly, the American president might indeed manage to get concessions from some countries such as Vietnam or Cambodia. Once that happens, Trump could declare victory of sorts and pull back, at least partly.
Another possibility going forward is that the US Congress could step in to take back the power accorded to the White House on tariffs. There are likely legal challenges too over the invocation of presidential emergency powers over what is evidently not an emergency.
Anil Sasi reports
Warnings about a Black Monday crash are turning out to be prescient, with a global stock market bloodbath unfolding after the Dow Jones and S&P Futures fell sharply on Sunday in the wake of last week's meltdown over US President Donald Trump's tariffs.
On Monday, Tokyo’s Nikkei 225 index lost nearly 9 per cent shortly after the market opened while earlier in the day, trading in Japanese futures was suspended due to the market hitting circuit breakers. Hong Kong’s Hang Seng index was down 8 per cent in early trade.
The Indian stock markets, after holding off selling pressure Friday, tracked Asian shares to plunge 5 per cent in early trade Monday, amid escalation concerns. This came even as the American President defended his tariffs over the weekend while he was headed for a golfing event, claiming a lot of countries are 'dying to make a deal' and that any adjustment in the stock markets is transitory.
Anil Sasi reports
Investors' wealth eroded sharply by Rs 20.16 lakh crore on Monday morning as the benchmark indices faced heavy drubbing, with the Sensex dropping over 5 per cent, amid a global market meltdown due to growing trade war concerns.
The 30-share BSE benchmark tumbled 3,939.68 points or 5.22 per cent to 71,425.01 in early trade.
Mirroring the bearish trend in equities, the market capitalisation of BSE-listed firms declined sharply by Rs 20,16,293.53 crore to Rs 3,83,18,592.93 crore (USD 4.50 trillion) during the morning trade.
All the Sensex firms were trading lower. Tata Steel and Tata Motors dropped over 10 per cent each. Larsen & Toubro, HCL Technologies, Adani Ports, Tech Mahindra, Infosys, Tata Consultancy Services, Reliance Industries and Mahindra & Mahindra were the other big laggards.
In Asian markets, Hong Kong's Hang Seng index tanked more than 11 per cent, Tokyo's Nikkei 225 plunged 7 per cent, Shanghai SSE Composite index dropped nearly 7 per cent and South Korea's Kospi sank over 5 per cent.
US markets ended significantly lower on Friday. The S&P 500 tanked 5.97 per cent, Nasdaq composite slumped 5.82 per cent, and the Dow tumbled 5.50 per cent on Friday. (PTI)
On Monday, The rupee declined 19 paise to 85.63 against the US dollar in early trade, facing the heat of the global trade war triggered by the US reciprocal tariff and China's retaliatory move that also crashed equity markets worldwide to their record lows. A steep decline in crude prices and a weaker American currency failed to support the domestic currency amid the incessant foreign fun outflows in line with the global sell-offs, according to forex traders.
Meanwhile, they said that market participants remained concerned as the Reserve Bank of India's monetary policy committee began its three-day deliberations on key interest rates. The decision of the six-member rate-setting panel will be announced on Wednesday.
At the interbank foreign exchange, the rupee opened at 85.79 and strengthened slightly to trade at 85.63 against the greenback, registering a loss of 19 paise from its previous closing level. On Friday, the rupee settled 14 paise lower at 85.44 against the US dollar, a day after gaining 22 paise on Thursday, following the implementation of the US' reciprocal tariff on about 60 countries.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 102.71. Analysts attributed the weakening dollar to disappointing services, PMI data and concerns over inflation and economic growth due to the global tariff war as China imposed 34 per cent import duties in retaliation to the Donald Trump administration's sweeping tariff move.
Brent crude, the global oil benchmark, fell 2.73 per cent to USD 63.79 per barrel in futures trade, hit by twin shocks of Trump's tariffs and an OPEC+ decision to increase output faster than previously announced.
In the domestic equity market, the 30-share BSE Sensex crashed 3014.32 points, or 4.00 per cent, to 72,350.37, while the Nifty tanked 1,016.75 points, or 4.44 per cent, to 21,887.70 points. Foreign institutional investors (FIIs) offloaded equities worth Rs 3,483.98 crore on a net basis on Friday, according to exchange data. The Reserve Bank of India on Friday said the country's forex kitty jumped from USD 6.596 billion to USD 665.396 billion during the week ended March 28. In the previous reporting week, the overall reserves rose by USD 4.529 billion to USD 658.8 billion. (PTI)
