On the very first day of Financial year 2025-2026 Indian market closed lower, Nifty falls by by 1.5% and Sensex by 1.79% amid broad selling in IT sector as investors remained cautious ahead of US president Donald Trump’s April 2 tariff announcement.
The stock market witnessed a sharp decline today, with the BSE Sensex plunging 1,390.41 points (1.80%) to close at 76,024.51, and the NSE Nifty 50 dropping 353.65 points (1.50%) to settle at 23,165.70. Despite the drop, TCS managed to perform slightly better than some of its peers.
Pharma and Telecom Stocks Hold Ground
While most sectors struggled, pharma stocks showed some resilience. Dr. Reddy’s Laboratories gained 0.73% to ₹1,152.40, outperforming Lupin Ltd., which fell 3.58%
In the telecom space, Vodafone Idea surged 10% after the government converted ₹36,950 crore of its spectrum dues into equity, raising its stake in the company to 48.99%.
What will happen to the market in future?
Experts say that volatility may increase further due to increasing global trade tensions. Investors should be cautious, especially keep an eye on the tariff policies of the US.
The market breadth remained positive as 1955 stocks remained positive against 960 stocks which showed negative action.
Check todays top gainer and loser
Read: Vodafone Idea gets relief: Government to raise stake to 49%
