Today, on Tuesday (March 4), Nifty fell for the 10th consecutive day and closed at 22,082. Nifty fell by 36 points today. On the other hand, Sensex fell by 96 points to reach the level of 72,990. Auto and IT stocks fell the most. Nifty Auto index fell by 1.31%. The IT index fell by 0.90%. Media rose by 2.37% and the public sector bank index rose by 1.56%. Metal and Oil & Gas index rose by about 0.5%.
Global Market Impact on Indian Stock Markets
The decline in the ongoing global market is greatly affecting Indian markets. In the Asian markets, Nikkei, Japan, declined by 1.20%, and Hong Kong’s Hong Seng index saw a slight dip of 0.28%. However, China’s Shanghai Composite ended on a positive note, which closed up to 0.22%.
On March 3, foreign investors (FIIs) sold shares worth Rs 11,639 crore. During this period, domestic investors (DIIs) bought shares worth Rs 12,308 crore.
On March 3, America’s Dow Jones closed down 1.48% at 43,191. The S&P 500 fell 1.76% and the Nasdaq Composite fell 2.64%.
Key Reasons for the Market Fall
Today, from 4 March 2025, a 25% tariff is being imposed on Mexico and Canada. An additional 10% tariff is also being imposed on China. US President Donald Trump had said recently that we will impose reciprocal tariffs. Be it any country – India or China, whatever they charge us, we will also pay the same. Reciprocal tariff will be applicable on the rest of the world from April 2. There is uncertainty in the market due to the threat of imposing reciprocal tariff on other countries including India.
Sensex’s Performance on March 3, 2025
On the first trading day of the week, Monday (3 March), the Sensex fell 112 points to close at 73,085. Nifty fell 5 points to close at 22,119.
After opening in the green mark in the morning, the Sensex had made a day high of 73,649. That is, the market fell by about 550 points from the upper levels. Bank and media shares fell the most.
Nifty Media Index closed down by 1.10% and Bank Index closed down by 0.48%. Nifty Realty saw the highest gain of 1.26%. Metal and IT index also saw a gain of more than 1%
