Stock Market today: Key levels to watch for Nifty & Nifty Bank after Trump tariffs
Indian stock markets are likely to open sharply lower on Thursday following the higher-than-anticipated reciprocal tariffs from the United State on 'Liberation Day' on April 2.


- Apr 3, 2025,
- Updated Apr 3, 2025 8:07 AM IST
Indian stock markets are likely to open sharply lower on Thursday following the higher-than-anticipated reciprocal tariffs from the United State on 'Liberation Day' on April 2. Dalal Street is bracing for a shivering gap-down opening following a meltdown in the Asian stocks at the opening tick. Export led sectors like IT, auto and pharma will be buzzing today
Nifty Bank has retraced just 30 per cent of the preceding 9 sessions rally (47,703-52,063). A shallow retracement and a higher base above the recent breakout area (50,500-50,000) signals overall strength, said Bajaj Broking. The current breather should be used as a buying opportunity in quality stocks in a staggered manner, he said.
"Index has key supports placed at 50,500-50,000 levels, we expect it to hold above the same and gradually head higher towards 52,050 and then towards 53,000 levels in the coming weeks being the measuring implication of the recent range breakout," it added.
Indian stock markets are likely to open sharply lower on Thursday following the higher-than-anticipated reciprocal tariffs from the United State on 'Liberation Day' on April 2. Dalal Street is bracing for a shivering gap-down opening following a meltdown in the Asian stocks at the opening tick. Export led sectors like IT, auto and pharma will be buzzing today
Nifty Bank has retraced just 30 per cent of the preceding 9 sessions rally (47,703-52,063). A shallow retracement and a higher base above the recent breakout area (50,500-50,000) signals overall strength, said Bajaj Broking. The current breather should be used as a buying opportunity in quality stocks in a staggered manner, he said.
"Index has key supports placed at 50,500-50,000 levels, we expect it to hold above the same and gradually head higher towards 52,050 and then towards 53,000 levels in the coming weeks being the measuring implication of the recent range breakout," it added.