Sensex, Nifty 50 plunge over 1% each— 10 key highlights of Indian stock market today

Stock market today: The Indian stock market closed with significant losses on Friday, April 4, as weak global cues weighed on sentiment. Benchmark indices—the Sensex and the Nifty 50—fell over 1 per cent, while the broader Midcap and Smallcap indices plunged more than 3 per cent each.

Market sentiment was rattled after US President Donald Trump’s tariff salvo against more than 180 countries fuelled fears of a major global trade war that could slow economic growth worldwide.

The Sensex closed 931 points, or 1.22 per cent, down at 75,364.69, while the Nifty 50 ended with a loss of 346 points, or 1.49 per cent, at 22,904.45. The BSE Midcap index plunged 3.08 per cent, and the Smallcap index crashed 3.43 per cent.

Stock market today: 10 key highlights

Here are 10 key highlights of the Indian stock market today:

1. What dragged the Indian stock market down today?

Indian stock market crashed in sync with global markets on concerns over the economic impact of higher-than-anticipated US tariffs. The possibility of retaliatory measures against Trump tariffs has stoked fears of a major trade war, which could deal a severe blow to global economic growth.

"The recent implementation of higher-than-anticipated US tariffs has had a significant impact on global markets, triggering a bearish trend as investors assess the broader implications," said Vinod Nair, the head of research at Geojit Investments Limited.

"The likelihood of retaliatory measures against the US has further heightened uncertainty. US bond yields and oil prices are trending downward, reflecting concerns over potential economic slowdown and increased recessionary risks," Nair said.

2. Top Nifty 50 losers today

As many as 42 stocks ended in the red in the Nifty 50 index among which Tata Steel (down 8.43 per cent), Hindalco Industries (down 8.07 per cent) and ONGC (down 7.07 per cent) ended as the top losers.

3. Top Nifty 50 gainers today

Shares of Bajaj Finance (up 1.69 per cent), Tata Consumer (up 1.59 per cent) and HDFC Bank (up 1.22 per cent) closed as the top gainers in the index.

4. Sectoral indices today

Most sectoral indices ended with massive losses.

Nifty Metal (down 6.56 per cent), Pharma (down 4.03 per cent), Oil & Gas (down 3.78 per cent), Realty (down 3.60 per cent), IT (down 3.58 per cent) and Healthcare (down 3.05 per cent) cashed 3-7 per cent.

Nifty Media (down 2.97 per cent), Consumer Durables (down 2.76 per cent), Auto (down 2.70 per cent) and PSU Bank (down 2.43 per cent) plunged 2-3 per cent.

Nifty Bank ended 0.18 per cent lower, while the Financial Services index rose 0.20 per cent.

5. Most active stocks in terms of volume

According to NSE data, Vodafone Idea (47.5 crore shares), YES Bank (11.12 crore shares), and Tata Steel (8.1 crore shares) were the most active stocks in terms of volume.

6. 89 stocks hit 52-week lows; 66 stocks hit 52-week highs

TCS, Tata Elxsi, UCO Bank, Central Bank of India, Dr Reddys Laboratories, Jindal Stainless, LTIMindtree and Zydus Lifesciences were among the 89 stocks that hit their 52-week lows in intraday trade on BSE.

On the other hand, JSW Holdings, Kaveri Seed Company, Gallantt Ispat, GRM Overseas and Mangalore Chemicals & Fertilizers were among the 66 stocks that rose to their 52-week highs during the session.

7. 11 stocks rose over 5% on NSE

TECIL Chemicals, Ace Integrated Solutions, Bal Pharma, Excel Industries and Kaveri Seed Company were among the 11 stocks that rose more than 5 per cent on NSE today.

8. 13 stocks cracked more than 10%

Garware Hi-Tech Films, Pearl Global Industries, Goldiam International, Associated Alcohols & Breweries and Aarti Pharmalabs were among the 13 stocks that crashed more than 10 per cent on the NSE.

9. Advance-decline ratio

According to provisional data, 646 stocks advanced on the NSE on Friday, 2,230 declined, and 71 remained unchanged.

10. Nifty 50 outlook

According to Rupak De, Senior Technical Analyst at LKP Securities, the Nifty 50 has given a consolidation breakdown on the daily chart, indicating bearishness.

"On the lower end, if Nifty 50 falls below 22,900, it may move toward 22,676. On the higher end, resistance is seen at 23,100. A move above 23,100 would provide a clear signal for a strong uptrend," said De.

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