The benchmark BSE Sensex and NSE Nifty went into the red as US President Donald Trump’s 26% tariffs on India came into effect.
This follows a market rally on Tuesday, following a severe market crash on Monday amid rising global trade tensions following tariff hikes by the United States.
The Nifty fell by 141.60 points or 0.63 per cent, reaching 22,394.25, while the Sensex was down by 378.63 points, or 0.51 per cent, in the red, reaching 73,848.45.
Among the 30 Sensex stocks, the following fell the most:
1) Tech Mahindra fell by 3.59%, reaching ₹1,267.85.
2) Infosys fell by 2.89%, reaching ₹1,388.05.
3) HCL Technologies fell by 2.38%, reaching ₹1,369.80.
The following broader NSE Indices fell the most:
1) The Nifty Microcap 250 fell by 1.47%, reaching 19,726.35.
2) The Nifty Smallcap 250 fell by 1.26%, reaching 14,316.25.
3) The Nifty Midcap 150 fell by 1.12%, reaching 18,181.05.
4) The Nifty Midcap 100 fell by 1.12%, reaching 49,279.35.
These Nifty sectoral indices fell the most on open:
1) Nifty Pharma fell by 2.51%, reaching 19,867.15.
2) Nifty IT fell by 2.30%, reaching 32,479.55.
3) Nifty Healthcare fell by 1.98%, reaching 13,001.50.
