Tue Apr 01 09:20:00 UTC 2025: ## Indian Markets Plunge on Trump Tariff Fears
**Mumbai, April [Date]** – Indian equity markets experienced a significant downturn today, fueled by anxieties surrounding US President Donald Trump’s impending reciprocal tariffs. The BSE Sensex plummeted 1,233.95 points (1.6%) to close at 76,180.97, while the NSE Nifty dropped 321.5 points (1.36%) to 23,197.85.
Several blue-chip stocks led the decline, with Bajaj Finserv, HDFC Bank, Bajaj Finance, Infosys, and others among the biggest losers. However, IndusInd Bank and Zomato bucked the trend, showing positive gains.
The market reaction comes ahead of Trump’s planned April 2nd announcement of reciprocal tariffs, described by the President as “Liberation Day” for the US. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd., noted that global market trends following the announcement will hinge on the specifics of the tariffs and their impact on various countries and sectors. Vijayakumar also highlighted India’s strong March performance (6.3% return), attributed to FII buying and short covering, but cautioned that the continuation of this rally depends heavily on Trump’s tariff decision.
Adding to the negative sentiment, Foreign Institutional Investors (FIIs) sold equities worth Rs 4,352.82 crore on Friday. Brent crude oil prices saw a slight increase, rising 0.20% to USD 74.88 per barrel. Asian markets, in contrast, showed mostly positive trends today, while US markets ended higher on Monday.
First Piper 