Stock market bloodbath: Sensex, Nifty tank over 1.5% amid US tariff fears

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Stock market bloodbath: Sensex, Nifty tank over 1.5% amid US tariff fears - Business Standard

Quick Summary:

Investors, according to Prashanth Tapse, senior VP (Research) at Mehta Equities, slashed their equity bets ahead of the start of Trump's reciprocal tariff imposition on imported goods from Wednesday.

The IT sector was among the hardest hit due to its substantial exposure to the US market, and real estate stocks fell following Maharashtra's upward revision of ready reckoner rates, which affect property valuations.

The benchmark indices, Sensex and Nifty50, ended lower by over 1.5 per cent each in the first trading session of the financial year 2025-26 (FY26).