Closing Bell: Sensex Tanks 930 Points, Nifty At 22,860; Metal Shares Fall 6%, IT 3% – News18
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Indian stock markets are expected to face volatility following a sell-off in global markets after Trump tariffs
Sensex Today
Sensex Today: Indian benchmark equity indices traded with deep cuts on Friday, reflecting weakness in global markets as investors adopted a risk-off approach following broad-based import tariffs imposed by the US.
At close, the 30-share Sensex tumbled 930.67 points, or 1.22 per cent, to settle at 75,364.69. The index traded within a range of 76,258.12 to 75,240.55.
The NSE Nifty50 also settled in the red at 22,904.45, lower by 345.65 points, or 1.49 per cent.
A sharp market downturn saw 23 of the 30 Sensex constituents closing in the red, led by steep losses in Tata Steel, Tata Motors, Larsen & Toubro, Adani Ports, IndusInd Bank, Tech Mahindra, and Reliance Industries, which plunged up to 8.36%. On the other hand, a handful of stocks managed to hold firm—HDFC Bank, Bajaj Finance, Nestle India, ICICI Bank, Asian Paints, ITC, and Axis Bank posted gains of up to 1.59%.
In the broader market, small-cap stocks bore the brunt, with the Nifty Smallcap 100 diving 3.56%, while the Nifty Midcap 100 ended 2.91% lower.
On the sectoral front, only Nifty Financial Services and FMCG indices managed to stay afloat. All other sectoral indices closed in the red, with Metal, IT, Oil & Gas, PSU Bank, Auto, and Realty leading the decline, registering losses ranging between 2% and 6.5%.
Volatility also ticked up, with the India VIX—a measure of market fear—rising 1.13% to 13.76, reflecting the prevailing nervousness among investors.
Global Market Overview
US markets saw a sharp decline on Thursday, with the S&P 500 returning to correction territory after its largest one-day loss since 2020. The index dropped 4.84%, closing at 5,396.52, while the Dow Jones Industrial Average plunged 1,679.39 points, or 3.98%, to end at 40,545.93. The Nasdaq Composite fell 5.97%, finishing at 16,550.61.
Additionally, futures tied to the Dow Jones Industrial Average dropped 77 points, or 0.2%, on Thursday night, while S&P 500 futures fell 0.1%, and Nasdaq 100 futures were slightly lower.
In Europe, the STOXX 600 lost 2.57%, the UK’s FTSE declined 1.55%, and Germany’s DAX dropped 3.01%.
Japan’s Nikkei fell 2.46% in the Asia-Pacific region, and the Topix lost 3.18%. South Korea’s Kospi dropped 0.29%, although the Kosdaq rose 0.59%. Australia’s S&P/ASX 200 dropped 1.42%. Hong Kong and mainland China markets are closed today for the Qingming Festival.
