Tariff Bloodbath : Nifty 50 falls by 350 points closes at 22905 while Sensex ends with 930 points dip at 75364.
After Fall in US Markets last night due to Tariff impact , sell off was witnessed in India Share Market which made Nifty 50 Fall below 23000 levels while Sensex ends at 75364 Levels at today market closing. Even the broader market was under the pressure sell off due to panic created around global economy suffering due to reciprocal tariff’s announced by US President Donald Trump on the American Liberation Day. Most of the sectors ended in red with Metal & IT Sectors suffering the most while sell off was seen in Mid & Small Cap sectors as well. Bank Nifty was most resilient sector today which falls only 0.2% while Small Cap dips by 3.3%in today’s bloodbath. In this post we will have detailed analysis on all sectors & key stocks.
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If we deep dive into sector wise analysis for India Share Market , top 3 sectors to fall were Metals , Pharma & IT Sectors.
Nifty Metal :Â Sharp Sell off was observed in Metals sectors in India Share Market with key stocks Hind Copper fall by 9% to 204, Nation Alum was down by 8.66% to 157 , Vedanta , Tata Steel & Hindalco were next 3 stocks in this fall down by 8.5%. Vedanta closed at 401 while Tata Steel dips down to 140 & Hindalco closed at 600 price point. There was also volatility seen in commodities as well with Silver & Gold down by 4.5% & 1.2% each. Today’s sell off in metal stocks can be contributed to White House considering Tariff’s on key metals which triggered panic across stocks.
Nifty Pharma : With news around globe around differential tariff’s on Pharma sector triggered sell off with around 4% overall index down at Dalal Street. Sun Pharma closes at 1709 down by 3.5% , Cipla see sharp fall by 5.4% closing at 1415 while Dr.Reddy falls by 3.6% closing at 1109.Â
Nifty IT : IT was one of the laggards on Friday’s trading session. With fear of recessions and struggle in US Economy & Businesses – sharp sell off was witnesses in many stocks in IT Sectors. Overall Sector fall by 3.6% with big IT players struggling. TCS, Infosys, Wipro , HCT Tech , Tech Mahindra all fall by 3-4%. Infosys settled around 1450 levels , corrected almost 25% from Top while TCS is hovering around 3300 levels corrected around 24-25%. Fall was witnesses around other stocks as well which are part of Nifty IT like Coforge, LT Mindtree , Mphasis, Persistent & OFSS
| Index | Closing | Fall in today's session |
|---|---|---|
|
Nifty Metal |
8414 |
6.56% |
|
Nifty Pharma |
20560 |
4% |
|
Nifty IT |
33511 |
3.6% |
Nifty ITÂ has been one of the worst hit sectors for India Share Market along with Real Estate & Power since last quarter. With data available over NSE India Site since last 1 Quarter – Nifty IT has fallen by 23.4% & i think worst is yet to come. With Panic already around US Market & economy it may fall further depending upon US Market reaction & Investor sentiments. Most of firms will be declaring Q4 results in upcoming weeks which will provide better clarity to investors on further strategy building over this sector
India Share Market Sentiments remains bearish & cautious as a lot will depend on US Market reaction on Friday & news over weekend. For Nifty 50 , we have seen good support at 22800 level’s where reversals have happened in past but negative sentiments can lead to breaking down this levels. Bank Nifty so far has provided strong support to balance a bit selling spree that happened across indices. Global Market indications, further development on Tariffs , Q4FY 2025 Quarterly results will map next few sessions performance.