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I) Nifty: opened at 23150 and touched a high of 23306, then a low of 23145 and closed at 23250 with a total of - 82 points in Negative.
II) Bank Nifty: opened at 50910 and touched a high of 51661, then a low of 50906, and closed at 51597 with a total of +249 points in Positive.
III) CNX Finance: opened at 24550 and touched a high of 24795, then a low of 24548, and closed at 24724, with a total of +25 points in Negative.
IV) Nifty Mid Select: open 11507 and touched a high of 11613, then a low of 11405 and closed at 11514, with a total of - 92 points in Negative.
Underperforming Stock vs Nifty 500 over 1 week
On April 3, 2025, the Indian stock market experienced a downturn following the United States' imposition of a 26% reciprocal tariff on Indian imports. The BSE Sensex declined by 322 points (0.42%) to close at 76,295.36, while the Nifty 50 fell 82 points (0.35%) to end at 23,250.10. Business News Today+8The Economic Times+8Reuters+8The Financial Express+10Business & Finance News+10mint+10
Sectoral Performance:
Individual Stock Highlights:
Analyst Insights:
Despite the imposition of tariffs, Indian stocks are expected to fare better than many of their Asian counterparts. Analysts point out that India has a relatively lower exposure to tariffs compared to other countries like China and Vietnam. While these tariffs could impact global trade, India’s economy is less reliant on exports to the U.S., which is a key factor in cushioning the blow.
India's export market to the U.S. constitutes only about 2% of its GDP, suggesting that the tariffs' direct effect on India's overall economic growth will likely be limited. The relatively small share of exports to the U.S. means that India has less vulnerability compared to nations where exports play a more substantial role in the economy. This lower reliance on exports, particularly to the U.S., could help the Indian stock market weather any short-term disruptions better than its regional peers.
Additionally, India has been actively working on diversifying its trade relationships and bolstering domestic industries, which further strengthens its resilience. The government’s push for self-reliance through initiatives like Atmanirbhar Bharat could reduce the long-term economic impact of external shocks, including tariffs. These efforts not only mitigate potential trade disruptions but also create new avenues for growth.
Overall, while there may be challenges posed by the tariff impositions, India’s relatively limited exposure to U.S. exports, coupled with its ongoing economic reforms, suggests that its stock market could continue to perform more steadily than other Asian nations facing similar external pressures. This dynamic makes India an attractive market for investors looking for stability amid global uncertainties.