Stock Market Today Live: Sector Watch | Pharma stocks buck weak trend on tariff exemption; IT worst hit

Stock Market Today Live: Sensex, Nifty shed over 0.5% each in opening trade

India’s benchmark indices opened lower after US President Donald Trump slapped a 26% reciprocal tariff on imports from the country. Analysts believe this could significantly impact the country’s GDP.

Against this backdrop, Sensex fell 445 points or 0.58% to 76,170 while Nifty 50 shed 116 points or 0.30% to 23,216.

Stock Market Today Live: Asian markets slump after Trump tariffs 

Stock Market Today Live: Asian markets traded sharply lower on Thursday after Trump’s announcement of reciprocal tariffs. MSCI’s broadest index of Asia-Pacific shares outside Japan fell more than 1%.

Japanese markets led losses in Asia, as the Nikkei share average plunged to an eight-month low. The Nikkei index recouped some losses, and was down 3%. The Topix index was down 3.1%. Among Chinese markets, the CSI300 index fell 0.24%, while the Shanghai Composite Index declined 0.1%. South Korea’s Kospi index dropped 1.57%, and the Kosdaq fell 0.55%. Hong Kong’s Hang Seng index declined 2%.

Stock Market Today Live: GIFT Nifty indicates a gap-down start

Stock Market Today Live: The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 23,189 level, a discount of nearly 250 points from the Nifty futures’ previous close.

Stock Market Today Live: Sensex, Nifty 50 to open lower

Stock Market Today Live: The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday, following a sharp sell-off in global markets after the US President Donald Trump announced sweeping reciprocal tariffs on over 180 countries. Gift Nifty also indicates a gap-down opening.