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Equity markets witnessed a sharp decline today, impacted by rising global uncertainties and renewed concerns over protectionist trade policies.
The Nifty 50 fell by 345.65 points or 1.49%, closing below the significant 23,000 level at 22,904.45. The BSE Sensex declined by 930.67 points, or 1.22%, ending the session at 75,364.69.
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Investor sentiment weakened globally following proposed tariff measures by former U.S. President Donald Trump, which indicated the potential for higher-than-expected reciprocal tariffs. These developments raised concerns about increased inflationary pressures in the United States and the possibility of a global economic slowdown, prompting a widespread risk-off sentiment across markets.
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The decline was broad-based, with several key sectors ending in the red:
Metals were the worst performers, plunging 6.5% on fears of reduced global demand and tariff-related headwinds.
The Pharmaceuticals sector fell by 4%, while Realty declined by 3.6%.
Oil & Gas stocks dropped nearly 4%, reflecting concerns over a potential demand contraction.
Other major sectors including Automobile, Consumer Durables, Power, PSU Banks, Media, and Information Technology registered losses ranging between 2% and 3%.
In the broader markets, the BSE Midcap Index declined by 3%, while the Small-cap Index underperformed with a loss of 3.4%.
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Amid the widespread decline, Bajaj Finance emerged as a notable outlier, gaining 1.69% and ranking among the top performers for the day.
Conversely, Tata Steel recorded the steepest fall, declining 8.43%, in line with the broader downturn in the metal sector.
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Thank you for tuning in to today’s market wrap. We look forward to bringing you another insightful episode exclusively on the Markets Daily Podcast by Bajaj Broking. Don’t forget to subscribe to our Podcast.
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