Stock Market Updates: Sensex Drops 100 Points, Nifty Below 23,450; Auto Stocks Fall – News18
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Indian benchmark indices began Thursday’s trading session on a subdued note, mirroring the downtrend in global markets
Sensex Today
Sensex Today: Indian benchmark indices began Thursday’s trading session on a subdued note, mirroring the downtrend in global markets following the announcement of new US tariffs on auto imports.
The market sentiment was further influenced by the monthly expiry of Nifty F&O contracts, foreign institutional investor (FII) activity, and the semi-annual rebalancing of NSE indices.
Global Cues
Wall Street closed sharply lower on Wednesday, dragged down by declines in major stocks such as Nvidia and Tesla. Investors remained cautious ahead of the formal unveiling of US tariffs on automotive imports, a move expected to escalate trade tensions. US President Donald Trump had earlier signaled plans to impose a 25% tariff on all foreign-made cars starting April 2, with collections beginning the following day. Analysts warn that the tariffs could lead to higher prices and supply chain disruptions.
Asian and European Markets Follow Suit
The ripple effect of the U.S. tariff announcement was evident in early Asian trading. Japan’s Topix dropped 0.7%, while Australia’s S&P/ASX 200 slipped 0.6%. Hong Kong’s Hang Seng futures edged down 0.1%, and Euro Stoxx 50 futures declined 1.2%, signaling further weakness ahead for European markets. S&P 500 futures also dipped 0.2% in early Tokyo trading, reflecting lingering investor caution.
The latest developments add to the ongoing global trade uncertainty, with markets closely monitoring potential retaliatory measures from affected economies.
