Nifty last close: 23250.10 (-0.35%)
The benchmark Sensex and Nifty declined in trade on Thursday
Dragged down by a sharp selloff in IT, auto, metal and oil & gas stocks after the United States imposed a 27 percent reciprocal tariff on India
However, gains in banking, pharmaceutical and broader markets helped limit the downside
Sensex settled 322.08 points or 0.42 percent lower at 76,295.36
NSE Nifty slipped to 23,250.10, down 82.25 points or 0.35 percent
Nifty Midcap 100 and Smallcap 100 indices rising nearly 0.5 percent, shrugging off the broader selloff
On the sectoral front, IT index shed 4 percent, auto index slipped 1 percent
while pharma index added 2 percent, PSU Bank index rose 1.9 percent, power index jumped 1.8 percent
FIIs continued selling on fourth day as they sold equities worth Rs 2806 crore on April 3
DIIs remained net buyers on fifth consecutive day as they purchased equities of Rs 221 crore
Wall Street benchmarks slumped on Thursday
Ending with the largest one-day percentage losses in years, as U.S. President Donald Trump’s sweeping tariffs
The S&P 500 lost 275.05 points, or 4.85%
Nasdaq Composite dropped 1,053.60 points, or 5.99%, to 16,547.45
Dow Jones Industrial Average fell 1,682.61 points, or 3.98%
U.S.-based technology stocks saw a sharp sell-off in trade
Overnight, about $2.5 trillion was wiped out from Wall Street
S&P 500 declined 4.9 percent and the Nasdaq 100 slumped 5.5 percent on April 3, the biggest drop since 2020 for each
Shares of iPhone maker Apple led the losses, crashing over nine percent, losing $301 billion in market capitalization
Nvidia, which shed $210 billion with a 7.8 percent drop
Amazon and Meta each lost over $130 billion in market cap, both falling around 9 percent
US 10- year Treasury yields were down 33 basis points at 4 percent
Brent Oil down 6.8% to $69.85
Dollar Index -1.74% to 102
Yen rallied > 2% against dollar to 146.10
Gold weakened 0.80% to $3110
Asian markets extended declines on Friday
Nikkei down 2.65% and Hangseng down 1.53%
GiftNifty indicates a negative opening for the index
Nifty is facing a intraday resistance 23280 and 23330
If stays above 23330 will try to move 23400
On other side, Nifty considering a supports 23210 and 23150
Below 23150 finding a next support around 23070-23000
Updated: 08.49 am / 04th April 2025
