Indian benchmark indices ended lower for the second consecutive session on April 1.
Sensex ended 1,390.41 points lower at 76,024.51, whereas Nifty concluded 353.65 points down at 23,165.70.
HCL Technologies, Bajaj Finserv, HDFC Bank, Shriram Finance, Bharat Electronics were among major losers on the Nifty, while gainers included IndusInd Bank, Trent, Bajaj Auto, Jio Financial, HDFC Life.
In the previous season, Sensex ended 191.51 points lower at 77,414.92, whereas Nifty concluded 72.60 points down at 23,519.35.
Experts say the market is under pressure as it awaits the details of the Trump tariff scheduled to be implemented from April 2.
Market experts sasy US Tariffs, to be announced on April 2, are heavily impacting the investors’ sentiments.
Ajay Bagga, a market and banking expert, said that the uncertainty is hitting Indian markets today as the “T-Day” looms, when the US announces tariffs on various countries and sectors.
“Markets are on edge due to this event risk. Indian IT companies are seeing selling today on the forecast of slower growth in the key US market, which could mute management guidance when these start getting released in mid-April onwards,” he added.
“The third factor behind the dip in the market is the Iran , Russia and Venezuela news flow impact on crude oil prices, which could be negative for a major oil importer like India. In short, uncertainty, poor sentiment and crude oil supply risks are the major drivers of the Indian markets being down today,” Bagga said.
