Tue Apr 01 04:59:44 UTC 2025: ## Indian Markets Dip Amidst US Tariff Uncertainty
**Mumbai, April 1, 2025** – Indian equity markets experienced a significant downturn in early trading today, driven by uncertainty surrounding US President Donald Trump’s impending reciprocal tariffs. The BSE Sensex plunged 639.13 points to 76,775.79, while the NSE Nifty fell 180.25 points to 23,339.10.
IT stocks bore the brunt of the sell-off, with Infosys, Tata Consultancy Services, and others among the biggest losers. However, some sectors showed resilience, with IndusInd Bank leading the gainers, along with Power Grid, Bharti Airtel, and others.
Despite the early slump, the Sensex recovered somewhat to close down 191.51 points at 77,414.92. The Nifty also showed similar recovery, closing down 72.60 points at 23,519.35.
The market’s reaction is largely attributed to anticipation of Trump’s tariff announcement, which is expected tomorrow. V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, stated that the market’s future trajectory hinges on the specifics of the tariffs and their impact on various sectors and countries. He noted that India’s market outperformed globally in March with a 6.3% return, fueled by Foreign Institutional Investor (FII) buying and short covering. However, the continuation of this positive trend remains uncertain.
FIIs sold equities worth ₹4,352.82 crore on Friday. Global oil prices also rose, with Brent crude increasing 1.51% to USD 74.74 a barrel. Asian markets, meanwhile, showed positive trends, mirroring a largely positive close for US markets on Monday.
First Piper 