Stock Market Falls After Trump Tariffs, Infosys Hit Hardest
The stock market saw a decline as trading began on Friday, April 4, after US President Donald Trump's reciprocal tariffs took effect the previous day. Metal and telecom stocks were the most affected, with Infosys taking the biggest hit. This article provides a detailed analysis of the market situation.
Stock Market Opens Lower
The stock market opened lower as trading commenced on Friday after the implementation of US President Donald Trump's reciprocal tariffs. Metal and telecom stocks took the biggest hit with benchmark indices like the BSE Sensex and NSE Nifty showing significant drops.
Infosys and Other Stocks
Among the Sensex stocks, Infosys witnessed a significant decline upon opening, followed by HCL Technologies and IndusInd Bank. Only a few stocks managed to stay in the green.
Sectoral Performance
The IT index was the most affected among the Nifty sectoral indices, followed by the metal and mid-small IT & telecom indices. The article provides a detailed analysis of individual sector performances.
Investment Insights
Foreign Institutional Investors (FIIs) were net sellers, while Domestic Institutional Investors (DIIs) were net buyers. The 10-year India government bond market remained stable amidst global disruptions.
In conclusion, the article offers insights into the effects of Trump's tariffs on the Indian market, investment opportunities, and the overall resilience of the bond market in the current scenario.