KKN Gurugram Desk |  The Indian stock market is in recovery mode today after opening in the red following concerns over Donald Trump’s new tariffs on India. The Sensex, which hit an intraday low of 75,807.55, has now rebounded to 76,477, trimming its losses to just 140 points. Despite initial volatility, investors are showing resilience, with buying interest returning in key sectors.

Stock Market Today: Key Highlights

✔ Sensex recovers from day’s low of 75,807, now trading near 76,477
✔ Nifty50 stabilizes around 23,100 after early losses
✔ Asian markets remain under pressure amid U.S. tariff concerns
✔ Wall Street ends in red, U.S. stock futures tumble
✔ Gold prices surge as investors seek safe-haven assets
✔ Crude oil prices remain volatile amid global economic uncertainty

Stock Market Reacts to Trump’s 26% Tariff on Indian Goods

The latest move by former U.S. President Donald Trump to impose a 26% tariff on Indian exports has rattled global investors. Experts believe that sectors such as IT, pharmaceuticals, and automobiles could face significant challenges. However, despite the initial shock, the Indian market has shown signs of stability.

According to analysts, while short-term volatility is expected, the long-term fundamentals of the Indian economy remain strong. Many believe that the market will absorb these shocks as investors focus on domestic growth drivers.

Asian Markets Under Pressure

Asian stock markets opened lower today amid growing concerns over U.S.-China trade tensions and the impact of Trump’s new tariffs on India.

• Japan’s Nikkei 225 dropped by 1.2%, weighed down by declines in tech and export-driven stocks.

• Hong Kong’s Hang Seng Index slipped 0.9%, extending losses for the third consecutive session.

• China’s Shanghai Composite was down 0.5%, reflecting investor caution.

Analysts believe that global trade uncertainty will continue to keep markets on edge in the near term.

Gift Nifty Drops, Indicating Weak Opening for Nifty50

The Gift Nifty (formerly SGX Nifty), which serves as an early indicator for the Nifty50, was down 0.3% in pre-market trading. This suggests a cautious start for Indian equities.

Traders are keeping a close watch on inflation data, global market trends, and foreign institutional investor (FII) activity before making major moves.

Wall Street Recap: U.S. Markets End in Red

Wall Street ended lower on April 2 as investor sentiment remained cautious due to trade uncertainties and higher bond yields.

• Dow Jones fell by 0.8%

• S&P 500 slipped 0.6%

• Nasdaq Composite declined 1.2%, driven by losses in tech stocks

With U.S. stock futures also trading lower, Indian markets could see further volatility in today’s session.

Gold Prices Surge as Investors Seek Safe Haven

With rising economic uncertainties, gold prices have jumped as investors look for safe-haven assets.

• Gold futures are up 0.7%, trading near $2,345 per ounce

• Silver prices have also risen 0.5%

Analysts believe that gold could continue to rally if global market uncertainty persists.

Crude Oil Prices Remain Volatile

Oil markets remain on edge as geopolitical risks and demand concerns weigh on prices.

• Brent Crude is trading around $89 per barrel

• WTI Crude is hovering near $86 per barrel

Rising tensions in the Middle East and global economic concerns have led to sharp fluctuations in crude oil prices.

Top Sectors to Watch Today

✅ IT & Tech Stocks: May face selling pressure due to global market concerns.
✅ Pharmaceuticals: Could see volatility amid new U.S. trade policies.
✅ Auto Sector: Likely to be affected by Trump’s tariffs on Indian exports.
✅ Banking & Financials: FIIs’ trading patterns will impact sentiment.
✅ Metals & Commodities: Investors are closely watching global demand trends.

Market Outlook: What’s Next for Indian Stocks?

The Indian stock market is expected to remain volatile in the short term due to global economic uncertainties and geopolitical risks. However, analysts believe that domestic economic growth and strong corporate earnings will support market stability.

Investors should focus on:

✔ Long-term opportunities in strong fundamental stocks
✔ Sectoral trends to identify potential winners
✔ Macroeconomic indicators that could impact market sentiment

With corporate earnings season around the corner, market participants are gearing up for another eventful trading session.

While concerns over Donald Trump’s tariffs and global market uncertainty are weighing on sentiment, the Indian stock market’s resilience suggests that long-term investors may find opportunities amid the volatility.

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