Fairness benchmark indices Sensex and Nifty fell over 1% on Wednesday, 26 March, ending a seven-session profitable streak, as traders booked income amid uncertainty over US tariff insurance policies.
Sensex, which opened on a powerful word, briefly touched an intraday excessive of 78,167.87, gaining 150.68 factors. Nonetheless, promoting stress in choose heavyweight shares pulled it down by 806.45 factors, or 1.03%, to a low of 77,210.74.
Equally, the NSE Nifty slipped beneath the important 23,500 stage, hitting a low of 23,451.70 after initially rising 67.85 factors to 23,736.50.
Key Elements Behind the Market Decline:
- US Tariff Uncertainty: Investor sentiment was weighed down by considerations over US commerce insurance policies. President Donald Trump has hinted at a serious tariff announcement on 2 April, calling it a “Liberation Day” towards nations he accuses of unfair commerce practices. His remarks about “restricted exceptions” have unsettled world markets, together with India.
- Revenue Reserving: Following a week-long rally, traders locked in positive factors, inflicting a market pullback.
- Rupee Depreciation: The Indian rupee weakened by 6 paise to 85.78 towards the US greenback in early commerce, pressured by weak equities and a stronger greenback. Foreign exchange merchants attributed the decline to liquidity constraints, considerations over reciprocal tariffs, and month-end greenback demand from importers. On Tuesday, the rupee had already ended its seven-session gaining streak, closing 11 paise decrease at 85.72 per greenback.
- Rising Crude Oil Costs: Oil costs climbed as provide considerations mounted following President Trump’s threats of tariffs on international locations importing oil and gasoline from Venezuela. As a serious crude importer, India’s inventory market stays delicate to grease value fluctuations.
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