HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Markets trade lacklustre amid imposition of US tariffs
Apr-03-2025

Indian equity markets continue to trade lower in late afternoon session after US president Trump imposed 27% tariffs on goods coming from India. However, the losses remained capped as market participants remained optimistic with report that the country is better positioned than some of its regional competitors amid fresh American tariffs. Besides, the Trump’s tariff exemption for pharmaceutical product led to heavy buying in the pharma sector stock which prevented further downside.

On the global front, Asian equity markets are trading lower after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers ‘worst offenders’ based on trade deficits and non-tariff barriers. European equity markets were trading lower as investors fears that the new US levies could fuel inflationary pressures, cause disruptions in global supply chains and lead to trade wars.

The BSE Sensex is currently trading at 76285.39, down by 332.05 points or 0.43% after trading in a range of 75807.55 and 76493.74. There were 12 stocks advancing against 18 stocks declining on the index.

The broader indices were trading in green; the BSE Mid cap index up by 0.02%, while Small cap index was up by 0.54%.

The top gaining sectoral indices on the BSE were Utilities up by 2.15%, Healthcare up by 1.66%, Power up by 1.53%, PSU up by 0.87% and Telecom up by 0.80%, while IT down by 3.61%, TECK down by 2.68%, Auto down by 1.04%, Metal down by 0.97% and Oil & Gas down by 0.72% were the top losing indices on BSE.

The top gainers on the Sensex were Power Grid Corporation of India up by 3.54%, Sun Pharmaceutical Industries up by 3.02%, Ultratech Cement up by 2.27%, NTPC up by 1.83% and Asian Paints up by 1.66%. On the flip side, HCL Technologies down by 3.49%, Tech Mahindra down by 3.42%, TCS down by 3.37%, Infosys down by 3.37% and Tata Motors down by 2.43% were the top losers.

Meanwhile, reaffirming growing dominance in the global railway sector, India has emerged as a global leader in railway locomotive manufacturing, achieving a record production of 1,681 locomotives in the financial year 2024-25, an increase of 209 locomotives, compared to the 1,472 locomotives produced in the previous financial year 2023-24. 

This record-breaking production is the highest ever for locomotive manufacturing in the country, reflecting the significant achievements of all units in enhancing railway infrastructure and capacity. Besides, this milestone surpasses the total locomotive production of regions such as the United States, Europe, South America, Africa, and Australia.

The continuous rise in locomotive production is a direct result of strategic decisions taken to strengthen the ‘Make in India’ initiative. Between 2004 and 2014, India produced a total of 4,695 locomotives, with a national annual average of 470. In contrast, from 2014 to 2024, locomotive manufacturing witnessed a significant surge, with 9,168 locomotives produced, raising the annual average to approximately 917.

The CNX Nifty is currently trading at 23254.85, down by 77.50 points or 0.33% after trading in a range of 23145.80 and 23306.50. There were 22 stocks advancing against 28 stocks declining on the index.

The top gainers on Nifty were Power Grid Corporation of India up by 3.49%, Cipla up by 3.13%, Sun Pharmaceutical Industries up by 3.03%, Shriram Finance up by 2.42% and Ultratech Cement up by 2.34%. On the flip side, HCL Technologies down by 3.56%, Infosys down by 3.40%, TCS down by 3.40%, Tech Mahindra down by 3.39% and ONGC down by 2.86% were the top losers.

All Asian markets are trading lower; Hang Seng declined 352.72 points or 1.54% to 22,849.81, KOSPI dropped 19.16 points or 0.77% to 2,486.70, Straits Times fell 9.39 points or 0.24% to 3,944.82, Shanghai Composite weakened 8.12 points or 0.24% to 3,342.01 and Nikkei 225 slipped 989.94 points or 2.85% to 34,735.93.

European markets were trading lower; UK’s FTSE 100 decreased 103.04 points or 1.21% to 8,505.44, France’s CAC fell 139.58 points or 1.81% to 7,719.25 and Germany’s DAX lost 307.09 points or 1.39% to 22,083.75.
  RELATED NEWS >>
Most Viewed >>
April 03 , 2025
Technology-based mutual funds lost up to 18% i
April 03 , 2025
Tax harvesting drives biggest domestic equitie
March 29 , 2025
Markets post best monthly gains in 6 months; F
April 04 , 2025
Low-volatility index funds, ETFs show lower dr
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.