Mumbai: Despite US President Donald Trump’s firm decisions to impose mutual tariffs on several countries from April 2 and efforts to reduce its impact by India, the expectation of export affecting exports to America, including pharma, auto, gems and jewelery, textiles, and the trade war preparations for the end of March, stopped the stock markets today. The Sensex again lost a level of 78,000 and eventually fell 728.69 points to 77,288.50, and the Nifty 50 Spot Index fell 181.80 points to close at 23,486.85. Due to Trump’s interpersonal tariff date approaching, the global markets also saw softening in vigilance. Before the end of March, the good stocks that were being sold to lose losses in the accounts of retail, high net worth investors were grabbed by operators and funds today. With the end of March on Thursday, which was the last opportunity to sell stock keeping in mind the deficit, there was a possibility that the funds and operators would continue in panic.
Banckes dropped 646 points
Banckes fell 645.62 points to close at 58,934.51 today due to a decline in banking and finance stocks. Axis Bank fell by Rs 1,000 crore. 24 to Rs. 1095.60, Canara Bank falls in rupee. 1.21 to Rs. 87.23, Kotak Mahindra Bank falls in rupee. 27.50 Rs. 2143.35, State Bank of India declines in rupee. 9.70 to Rs. 763.35, Bank of Baroda falls. 2.75 to Rs. 220.25, Federal Bank falls in rupee. 2.25 Rs. 192.45, HDFC bank falls in rupee. 15.50 Rs. 1805.95, ICICI Bank falls in rupee. 9 to Rs. 1335.40.
Fall in oil and gas shares
Today the funds reduced the vigilant rapid trend in oil and gas stocks, as the US warned to impose tariffs on countries buying crude oil from Venezuela amid reports of crude oil supply affecting crude oil supply due to signs of supply disruption and disruption of supply. The BSE oil-gas index fell 382.50 points to close at 24,727.31. Hindustan Petroleum Corporation (HPCL) shares fell by Rs 1,000. 9.40 to Rs. 351.95 rupees, BPCL declines. 5.95 to Rs. 273.10, Gayle India falls in rupee. 3.40 Rs. 174.15, Indian Oil Corporation declines. 1.90 to Rs. 129.15.
Decline in healthcare shares
Today there was a major decline in healthcare-pharma shares, as there is a possibility of mutual duty on import of drugs from India by the US. As a result, the BSE Healthcare Index fell 572.98 points to close at 41,422.83. Morpane Labs dropped by Rs 100 by Rs 2.15. 47.47 rupees, Kopran fell 47.47 rupees. 7.60 to Rs. 179.50 rupees, Max Health Decline. 47 to Rs. 1125, the rupee fell. 12.90 to Rs. 310.70.
IT stocks upgraded
IT-software services and technology shares also got a break today. Rateghen declined by Rs 12.70 to Rs 422.80, Tech Mahindra declined Rs 41.50 to Rs 1415.60, Emudra declined Rs 24.70 to Rs 859.75, LTTS decreased by Rs 110.30 to Rs 4514.70 and Rs 30.10.45 to Rs 1270.45.
3115 stocks closed negatively
The market trend became more negative as retail investors and funds increased their selling as Thursday’s trend was ending and tomorrow is the last day of the financial year 2024-25. Out of a total of 4143 shares done on BSE, the number of losses with losses increased from 2983 to 3115 and the number of benefits declined from 1085 to 919.
Investors’ assets have declined.
The joint market capitalization of investors, ie the joint market capitalization of companies listed in BSE, declined by Rs 3.33 lakh crore to Rs 411.61 lakh crore due to increasing selling by investors to book losses in shares before the end of March.
DII sold shares worth Rs 100 crore. 696 crores
Foreign portfolio investors (FPIs), FII again bought cash worth Rs 2240.55 crore on Wednesday. While domestic institutional investors (DIIs) made a net sale of Rs. Today 696.37 crores
