Indian Stock Market Movement on April 3, 2025
On April 3, 2025, the Indian stock market saw a notable decline, driven by the announcement of new U.S. tariffs on Indian imports. The BSE Sensex dropped by 0.61%, while the Nifty 50 fell by 0.60%. This reaction stemmed from investor concerns over a potential trade war, following the U.S. President's decision to impose a 26% tariff on Indian goods, leading to widespread selling across various sectors.
Sector Highlights
Amid the market downturn, the pharmaceutical sector emerged as a strong performer. Stocks like Sun Pharma and Cipla posted gains, buoyed by their exemption from the tariffs and their defensive appeal. Conversely, IT and automobile sectors faced significant declines, hit hard by their reliance on global markets and export-related uncertainties caused by the tariffs.
Top Gainers and Losers
| Stock | Closing Price (₹) | Change (%) |
|---|---|---|
| Sun Pharma | 1,790.15 | +4.46% |
| Cipla | 1,494.75 | +2.92% |
| Shriram Finance | 654.20 | +2.31% |
| HCL Tech | 1,475.50 | -3.41% |
| Tech Mahindra | 1,376.25 | -3.29% |
| TCS | 3,318.65 | -3.16% |
Analyst Insights
Analysts predict that the market may remain rangebound in the short term as investors watch global developments and any Indian government responses to the tariffs. From a technical perspective, the Nifty 50 has support at 23,000 and resistance at 23,400. A drop below support could spur more selling, while holding steady might attract buying in defensive stocks.
The market mood remains cautious, with investors weighing the tariff’s long-term effects and anticipating further U.S.-India trade updates.
Note: This summary is compiled from various news sources for informational purposes only.
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