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Date: 03-apr-2025
The Indian stock market opened in the red on April 3, 2025, as fears over escalating trade tensions between the U.S. and India shook investor confidence. At 9:30 AM IST, both benchmark indices—the Nifty 50 and BSE Sensex—registered declines, triggered by the U.S. government’s move to impose a 26% reciprocal tariff on Indian goods.
The losses reflect cautious trading as investors weigh the long-term implications of strained trade relations with the U.S., India's key export partner.
While the broader market saw weakness, pharmaceutical stocks defied the sell-off thanks to a key exemption in the U.S. tariff list. Indian pharma products will not be subject to the new tariffs, sparking a rally in the sector.
Analysts believe the exemption signals U.S. dependence on Indian pharmaceutical exports, providing temporary relief to investors in the sector.
Experts suggest that volatility may persist throughout the day as more clarity emerges on India’s diplomatic response and global market cues. The rupee also opened weaker amid pressure from global risk aversion.
“Investors should adopt a wait-and-watch approach. While pharma remains a safe bet today, sectors exposed to U.S. exports like textiles and auto components could see further downside,” said Vishal Khurana, a senior market strategist at EquityWise.
With the market reacting swiftly to global developments, investors are advised to stay informed and closely track both domestic and international headlines that could impact trading dynamics in the coming sessions.
Date: 03-Apr-2025
Ahead of market opening on April 3, 2025, Indian investors brace for impact from the U.S. announcement of a 26% tariff on Indian imports. GIFT Nifty signals a weak start, and the rupee faces pressure amid global risk-off sentiment.
Date: 03-Apr-2025
Ahead of market opening on April 3, 2025, Indian investors brace for impact from the U.S. announcement of a 26% tariff on Indian imports. GIFT Nifty signals a weak start, and the rupee faces pressure amid global risk-off sentiment.
