Sensex falls by 319 points amid weak global trends on trade war fears

From Sensex shares, Larsen & Toubro, Tata Motors, Hindustan Unilever, Asian Paints, ITC, Power Grid, NTPC and Reliance Industries were the large laggards. File | Photo Credit: PTI

Benchmark banal indices Sensex and Nifty closed little connected Monday (February 3, 2025) tracking anemic planetary markets amid concerns implicit U.S. President Donald Trump imposing tariffs connected immoderate of its trading partners.

The 30-share BSE Sensex declined 319.22 points oregon 0.41% to settee astatine 77,186.74, snapping its five-day rally. Intra-day, it tumbled 749.87 points oregon 0.96% to 76,756.09. The NSE Nifty declined 121.10 points oregon 0.52% to 23,361.05.

From Sensex shares, Larsen & Toubro, Tata Motors, Hindustan Unilever, Asian Paints, ITC, Power Grid, NTPC and Reliance Industries were the large laggards.

Among the gainers, Bajaj Finance jumped implicit 5%. Mahindra & Mahindra, Bajaj Finserv, Bharti Airtel and Maruti besides ended higher.

In Asian markets, Seoul, Tokyo and Hong Kong settled sharply lower.

Markets successful Europe were trading with heavy cuts. U.S. markets ended little connected Friday (January 31, 2025).

"Slump successful planetary equity markets weighed negatively connected Indian benchmarks aft Trump announced tariffs connected China, Mexico and Canada which fuelled pessimism amongst the investors. Besides, the rupee depreciating sharply raised concerns that overseas investors are improbable to reverse the selling trend," Prashanth Tapse, Senior VP (Research), Mehta Equities Limited, said.

The 25% tariff connected astir imports from Canada and Mexico and 10% tariff connected goods from China volition instrumentality effect from Tuesday (February 4, 2025).

“The planetary marketplace got unsettled amid the onset of the ‘Trade War,’ arsenic tariff conflicts betwixt the U.S. and different nations are improbable to output immoderate economical benefits. Instead, it whitethorn origin challenges to the planetary economy, heightening planetary fiscal risks,” Vinod Nair, Head of Research, Geojit Financial Services, said.

Global lipid benchmark Brent crude jumped 1.15% to $76.50 a barrel.

In a time marketplace with dense volatility, the 30-share BSE benchmark eked retired a marginal summation of 5.39 points oregon 0.01% to settee astatine 77,505.96 connected Saturday (February 1, 2025). The Nifty dipped 26.25 points oregon 0.11% to settee astatine 23,482.15. The home equity markets were unfastened connected Saturday (February 1, 2025) owed to the presumption of the Union Budget.

Foreign Institutional Investors (FIIs) offloaded equities worthy ₹1,327.09 crore connected Saturday (February 1, 2025), according to speech data.

Published - February 03, 2025 05:02 p.m. IST