Indian Markets Trade With A Negative Bias On Looming US Tariffs

The Indian stock market kicked off FY26 on a highly volatile note, experiencing sharp swings in early trade. After an initial dip, the indices attempted a recovery but soon reversed course, witnessing a sharp decline within an hour. As of 10:50 AM on Tuesday, April 1st, the Nifty 50 was trading at 23,319.30, down 200.05 points (0.85%), while the Sensex tumbled 871.83 points (1.13%) to 76,543.09. The market was dragged lower primarily by Nifty IT, which fell 2.23%, followed by Financial Services with a 1.3% decline. Other sectors, including Pharma, Metal, Private Banks, and Realty, also contributed to the downside. On the flip side, a few sectors managed to hold their ground, with Nifty Media gaining 1.6%, PSU Banks and Oil & Gas inching up by 0.12%, and the Auto sector rising by 0.3%. The sharp decline in the market comes despite Asian markets trading on a positive note, raising concerns about what might be weighing down sentiment on Dalal Street. Is it profit booking, global cues, or domestic uncertainties? Watch our exclusive market analysis on Business Today TV to find out more. Don't forget to like, share, and subscribe for the latest stock market updates! Watch Now