Sensex, Nifty 50 ends lower, but exceptionally Asian counterparts hit as Trump tariff markets; Pharma shares shine | Einsmark news

The stock market today: Indian markets have announced Thursday’s session, April 3, lower, but better than most Asian counterparts, such as the 26% duty, announced by Indian exports on Tuesday, made it one of the least -habited Asian exporters. The biggest relief came when Trump excluded rates on Dwelmin feeds, causing a sharp rally in domestic pharmaceutical stocks, as the sector had significant exposure to the US market. In addition, other sectors, such as textiles and electronic manufacturing services (EMS), have received attention because experts believe that India could benefit from the relatively higher rates that Trump imposed on Asian countries. However, the reciprocal rates have set fire to further fear that the US economy could slip into recession and send technology shares south in contemporary trade. Other sectors such as car and metals have also remained under pressure. The Indian Stock Market Today: Nifty 50, Sensex drops more than 0.35%, the Nifty 50, which started the session with sharp losses, wiped out most of them as the day progressed, ending at 23,243 points, by 0.38% lower than the previous closure. Meanwhile, the Sensex closed 0.42% lower at 76,295 points. In comparison, large Asian indices, including the CSI 300, hang Seng and Nikkei 225, all ended with losses of up to 2.8%. Despite the Achtbaan ride in the leading indices, broader markets have done well. The Nifty Midcap 100 index gained 0.26% to close at 52.186 points, while the Nifty Smallcap 100 index was better than a 0.58% increase, setting at 16,255 points. US President Donald Trump announced reciprocal rates on 180 countries on Tuesday, including some of the closest allies of the United States, such as India, and its biggest competitor, China. While the White House imposed a 26% tariff on Indian exports, it announced even higher rates on China, Bangladesh and Vietnam. China is now subject to a 54% duty on its exports to the US, while Vietnam with a 46% tariff, Bangladesh 37% and South Korea 25%, according to a series of cards shared by the White House on social media. This abundant movement by Trump has added another layer of uncertainty to the global economic landscape, which expressed concern about the supply chain interruptions, inflationary pressure and the potential for retaliation tariffs of the countries concerned. Sectoral performance: Pharma is rising; Nifty Pharma has an edge on the 13 most important sectoral indices, and has emerged the top profit with a rally of 2.25%, followed by a Nifty PSU bank, a Nifty media and a good consumer duration, all in the region of 0.35%to 1.94%. On the losing side, Nifty, it was the worst sector, with 4.21%, followed by a Nifty car and a Nifty metal, which ended the session with 1.14%and 0.82%respectively. Vinod Nair, head of research, Geojit Investments, said: “The domestic market said:” The domestic market initially showed signs of recovery, but ended with a modest losses after announcing a 26% relatively lower tariff on the US imports. The IT and car sectors had the sale of the sale of the US slowdown and disruption in the supply chain. “Nevertheless, robust domestic macroeconomic data and lower crude oil prices have helped the broader market performance. Although the tariff offers short-term challenges, India’s economic resilience and bilateral trading agreement can help reduce the overall impact,” he further added. Technical Prospects Rupak de, senior technical analyst at LKP Securities, said: “The Nifty opened lower after poor global clues, but immediately recovered. Sentiment remains strong as the Indian market showed resilience despite poor global equity trend, led by Trump’s rates. Above this level can cause a stronger rally. To get daily market updates. Pharma shares shine less less