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April 4, 2025 5:00 PM

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Stock market tumbles amid US tarrif jitters

 

        The benchmark domestic equity indices slumped more than one percent today, mirroring losses in global markets fuelled by US President Donald Trump’s tarrif jitters. The 30-share index at the Bombay Stock Exchange, Sensex, shed 931 points, or 1.22 per cent, to close at 75,365. The National Stock Exchange Nifty-50 plummeted 346 points, almost one and half per cent, to settle at 22,904.

        The broader market indices at the BSE also bore the brunt of global uncertainties. The Mid-Cap index dipped over three per cent, and the Small-Cap index dropped over 3.4 per cent.             

        In the Sensex index, 24 out of 30 companies ended in negative territory. Among the top laggards, Tata Steel nosedived almost 8.6 percent, Tata Motors dipped over 6.1 percent, and Larsen and Toubro lost more than 4.6 percent. Conversely, among the top gainers, Bajaj Finance rose over 1.4 percent, HDFC Bank added 1.3 percent and Nestle India gained almost 0.8 percent. 

         In Sectoral Indices at the BSE, all 21 sectors witnessed selling pressure. In the top laggards, Metal tanked over 6.3 percent, Capital Goods declined almost four percent, and Industrials as well as Oil and Gas, both fell 3.89 percent each.

        Overall market breadth at the BSE was negative as shares of 2,820 companies declined, 1,126 advanced, and 130 remained unchanged. At the National Stock Exchange, 26 companies hit their 52-week high, while 66 hit their 52-week low.A