Stock Market Today: Sensex, Nifty 50 end in red as Trump's tariffs weigh; IT index sheds 4%

"The domestic market initially showed signs of recovery but ended with modest losses after the announcement of a relatively lower 26% tariff on US imports. The IT and auto sectors experienced selling pressure due to US slowdown concerns and disruptions in the supply chain. Conversely, pharmaceutical stocks benefited from being exempt from the tariffs. Nonetheless, robust domestic macroeconomic data and lower crude oil prices aided the broader market performance. Although the tariff presents short-term challenges, India's economic resilience and bilateral trade agreement may help mitigate the overall impact," Vinod Nair, Head of Research, Geojit Investments Limited.

Stock Market Today LIVE: Sectorally, Nifty IT emerged as the worst loser, shedding 4.21%. It was followed by Nifty Auto. Both these sectors are expected to be the biggest casualties of Trump's tariff announcements.

On the other hand, pharma stocks gained, driving Nifty Pharma 2.25% higher, thus making it the best-performing index. It was followed by Nifty PSU bank which rose 1.94%.

Stock Market Today LIVE: Benchmark indices Sensex and Nifty ended lower on Thursday but fared better than their Asian counterparts after US President Donald Trump slapped tariffs on over 180 nations late last night. Analysts believe lower tariffs on India versus other South Asian nation bodes well for it.

As a result, Sensex lost 322 points or 0.42% to end at 76,295 while Nifty 50 shed 82 points or 0.35% to end at 23,250.

Stock Market Today LIVE: Paras Defence & Space Technologies signs MoU with Israel’s MicroCon Vision Ltd. “This collaboration marks a significant milestone in India's defence and drone industry, bringing high-end drone camera technology at significantly lower costs, with 50-60% cost reduction on currently imported drone cameras priced between ₹20-40 lakh,” the company said. The stock was trading 2% higher.

Global Business Growth: The bank’s global business grew by 11.95% YoY, reaching Rs. 14,81,689 crore as of 31st March 2025.

Global Deposits: Deposits in the global market grew by 10.65% YoY, totaling Rs. 8,16,539 crore.

Global Advances: The bank's gross advances saw a strong growth of 13.59% YoY, amounting to Rs. 6,65,151 crore.

Domestic Deposits: Deposits in the domestic market increased by 11.21% YoY, reaching Rs. 7,00,294 crore.

Domestic Advances: The bank’s domestic gross advances grew by 14.28% YoY, reaching Rs. 5,62,728 crore, showing robust lending growth.

Stock Market Today LIVE: Shakti Pumps (India) Limited has received a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for 445 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) at various locations across the State of Maharashtra under Component-B of the PM-KUSUM scheme. The total amount of the work order is around Rs. 12.42 crore (inclusive of GST). After this update, the stock gained 3%.

While heightened global uncertainty may cause near-term corrections and market turbulence, India’s macroeconomic fundamentals remain solid. FIIs turned net buyers in the week ending 28 March 2025, breaking a 16-week outflow streak, the longest in 25 years. With greater uncertainties in the US and China, we expect FIIs to turn more positive on India. With resilient corporate earnings, steady domestic flows, and equity valuations below historical averages, the medium- to long-term outlook for Indian equities remains favourable.

Stock Market Today LIVE: European stocks tumbled after US President Donald Trump revealed the largest tariffs in a century against its trading partners, including a 20% tariff on the European Union, which vowed to retaliate.

The Stoxx Europe 600 Index fell 1.7% to 527.63 at 9:13 a.m. in Paris, with the biggest losses seen in basic materials, consumer products, and industrial shares. Germany’s DAX Index dropped 2.4%, while Sweden’s OMX Stockholm 30 Index slid 2.6%.

- During the quarter, the sector experienced stable demand trends amidst the improving trajectory in rural and mixed trends across mass and premium urban segments.

- We expect gradual improvement in overall consumption sentiment on the back of moderating retail and food inflation as well as forecasts of a normal monsoon.

- In the given context, the India business posted a sequential uptick in underlying volume growth with improving market shares across key franchises.

- Consolidated revenue growth moved to high-teens on a year-on-year basis, as steady growth trends across key segments was supplemented by incremental pricing interventions in the domestic business.

- The consolidated business delivered low double-digit revenue growth on a full year basis, thereby meeting the aspiration set at the start of the year. We expect to maintain the double-digit revenue growth momentum in FY26.

Stock Market Today LIVE: Man Industries said the company’s name has been included in Qatar Energy LNG's Approved Vendor List, paving the way for extensive business opportunities in Qatar and beyond. The stock, however, traded lower amid broader market weakness.

India’s GDP impact will be limited due to its diversified export base and growing domestic manufacturing. The government remains confident in mitigating risks through trade diversification.

India's gross exports to the U.S. are among the lowest compared to its Emerging Market peers. Its limited dependence on external demand provides a degree of insulation. 

Additionally, India and the United States have set an ambitious goal of increasing their bilateral trade from $190 billion to $500 billion by 2030, more than doubling the current volume.

While the tariffs pose short-term challenges, India's economic resilience and trade strategies may help cushion the overall impact.

– Views by Anil Rego of Founder and Fund Manager at Right Horizons

Stock Market Today LIVE: The Indian stock market recovered from day's low but still traded in the red as investors assessed Donald Trump's tariff impact. Here are key highlights at this hour:

• Sensex down 0.38% at 76,328; Nifty falls 0.27% to 23,268
• Pharma, PSU bank indices top gainer, rise 1-2%
• Nifty IT index hit the most, tumbles 4% in trade
• Small-cap index in the green; mid-cap index down 0.3%
• Advance-decline ratio at 2:1

Stock Market Today Live: A tariff has been imposed on India, although there is no specific tariff that has been imposed on IT services. 

Notably, the US economy has weakened in recent months. Naturally, the deterioration in the macro environment will weigh on Q4FY25 numbers and FY26E guidance. We expect a sequential revenue decline for all large Indian IT service companies for the Mar’25 quarter due to seasonal weakness, lower billing days, and marginal deterioration in demand.

Any imposition of retaliatory tariffs on US exports by the US’s trading partners could add to global inflation, which had turned benign. Higher tariffs may result in higher inflation (versus the 2% target of the US Fed) and may impact the FED’s rate cut decision which is not conducive for the IT sector, in general.

We believe investor's focus will soon turn squarely to a string of key technology earnings. Infosys, TCS, TechM, Coforge, and Indegene are our key picks.

– Sumit Pokharna, VP-Fundamental Research, Kotak Securities

Stock Market Today Live: IDBI Bank in Q4 provisional update said total business rose 13% YoY while deposits grew by 12% on a year-on-year basis. The stock traded 1% higher today.

The ramifications of Trump's proposed reciprocal tax on Indian imports in April 2025 will be felt across infrastructure, business, and the economy of India as a whole. While it is true that of most domestic businesses will be insulated from the impact, it is certain that the US dominated markets will witness severe disruptions in the US markets. This policy also poses Indian businesses at immediate risk, specifically Indian exporters in the IT and textile sectors that depend on the US market for business. This will directly impact the supply chain dependencies and the competitiveness of several Indian exports. Though these changes are alarming, they also show the need for India to change its export focus and examine its trade policies. The outcome will rely on the strategies formulated by the Indian government and the initiative taken by the businesses along with the US-India trade relations in the future.

- Total Business (Loans & Advances and Customer Deposits) grew 23% YoY to Rs. 4,84,394 crore as of March 31, 2025

- Loans & Advances grew to ₹2,41,848 crore as of March 31, 2025, reflecting a YoY growth of 20.3%

- CASA Deposits increased from ₹94,768 crore as on March 31, 2024 to ₹1,18,260 crore as of March 31, 2025, reflecting a YoY growth of 24.8%

- The Bank has been reducing the Credit-Deposit Ratio continuously since the merger between IDFC Bank and Capital First in December 2018, by retiring legacy (pre-merger) bonds and borrowings and scaling retail customer deposits. The Incremental Credit Deposit Ratio for the trailing 12 months, from March 31, 2024 to March 31, 2025, is 75.7%, the lender said.

US has imposed 25% tariffs on imported cars, light trucks and select auto parts sourced from outside of North America. Further, almost 150 auto parts will face tariffs at similar rate. This move could result into increase in car prices in the US and cost pressure for component suppliers. In the event of car prices going up, the US car market may witness a steep volume decline and that can impact revenue for component players supplying parts to the US car/light truck industry. Further, margins of suppliers may come under pressure as they may need to partly absorb cost pressures. We believe there will be some impact, which the suppliers will have to bear, leading to negative implications on margins. Having said that, it needs to be seen on how higher tariffs are absorbed across the supply chain that includes customers, OEMs and suppliers. The extent of impact for Indian players will also depend on the US-India bilateral agreement over the next few months.

– Views by Arun Agarwal, VP – Fundamental Research – Automobiles, Kotak Securities

Stock Market Today Live: US government exempted imports of generic pharmaceuticals, agriculture, energy and certain other minerals from the scope of his newly announced reciprocal tariffs.

Autos, IT and textiles will face significant hits on their business. The 26% reciprocal tariff on autos is in addition to the 25% tariff the US has announced on imported automobiles and auto parts. This move could significantly impact the earnings of auto exporters to the US market, especially Tata Motors, Sona Comstar, Bharat Forge and Motherson Group.

– Vinit Bolinjkar, Head of Research at Ventura

Stock Market Today Live: Vipul Organics Limited announced the successful closure of the Rights Issue, which opened on 21st March, 2025. At the end of the day on the 2nd of April, the issue closure date, the issue was oversubscribed by 80%.

The Rights issue offered 44,37,291 shares of Rs. 10 face value at Rs. 46 per share (including a premium of Rs. 36 per share), totalling Rs. 2041.15 Lakhs. The issue garnered applications for 79,88,227 shares, amounting to Rs. 3674.58 Lakhs, resulting in a subscription of 1.8 times the issue size.

As a result, Vipul Organics share price was trading 3% higher on the BSE today.