Sensex, Nifty fall as Trump tariff triggers sell-off in IT stocks; TCS down 3%

Benchmark stock market indices tanked in early trade, reacting to uncertain global cues with US President Donald Trump announcing tariffs on Wednesday. IT sector stocks were the worst hit.

The S&P BSE Sensex fell 344.27 points to 76,273.17, while the NSE Nifty50 lost 80.60 points to 23,251.75 as of 9:31 am.

In today’s opening session on Sensex, Sun Pharma surged 5.40%. NTPC followed with a solid gain of 1.36%, while Power Grid Corporation rose 1.34%. Bajaj Finance and Bajaj Finserv rounded out the top five gainers, advancing 0.66% and 0.52% respectively.

On the losing front, TCS faced the steepest decline, dropping 2.46%. Infosys wasn’t far behind with a fall of 2.38%, followed by HCLTech sliding 2.32%. Tech Mahindra tumbled 2.25%, while Tata Motors dropped 1.60%.

Aditya Gaggar, Director of Progressive Shares, said that for Nifty50, immediate resistance and support levels are at 23,250 and 23,000, respectively.

“Meanwhile, for BankNifty, support is seen at 50,740, with the upside likely capped at 51,100. Across various sectors, most are trading within their respective ranges, but we will wait for the reaction of the market participants on such announcements before making further decisions,” he added.