Stock market today: BSE Sensex tanks over 500 points; Nifty50 near 23,200 as Trump imposes 26% reciprocal tariffs on India

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Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Thursday after US President Donald Trump announced 26% reciprocal tariffs on India. While BSE Sensex dipped over 500 points, Nifty50 was near 23,200. At 9:16 AM, BSE Sensex was trading at 76,106.07, down 511 points or 0.67%. Nifty50 was at 23,200.80, down 132 points or 0.56%.

Thursday’s market performance will be influenced by US President Trump’s stance on reciprocal tariffs. Market experts indicate that Indian equities are likely to experience fluctuations, influenced by global market reactions.

US stock indices ended higher following an uneven trading day on Wednesday, initially declining before recovering as investors adjusted their positions ahead of US President Donald Trump’s comprehensive tariff announcements.

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Also Read | Donald Trump announces 26% ‘discounted’ reciprocal tariff on India: What will be the impact and is Indian economy relatively insulated?

Asian equities witnessed sharp declines while safe-haven assets surged after US President Donald Trump’s announcement of steeper-than-expected reciprocal tariffs, triggering worries about economic growth and inflation.

Gold achieved a new record high on Thursday as investors sought refuge in safe-haven assets following Trump’s announcement of heightened tariffs against key trading partners.

Oil prices fell $2 on Thursday following Trump’s tariff announcement, with traders concerned about reduced crude demand amidst global trade tensions.

FIIs registered net sales of Rs 1,539 crore on Wednesday, whilst DIIs purchased shares worth Rs 2,808 crore.

FII net short positions decreased from Rs 66,578 crore on Tuesday to Rs 62,329 crore on Wednesday.

Also Read | India’s first reaction on Donald Trump’s 26% reciprocal tariffs: ‘It’s mixed bag, not setback…’

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The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read More

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