Benchmarks fall 1.6% as uncertainties over US tariff dampen mkt sentiments

(RNS, 02-04-25) Though many analysts are of the view that the punitive tariffs that the US has slapped on exports are of “only minimal consequences,” the domestic equity markets have reacted negatively a day before the tariffs coming into force.

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Benchmark indices on Tuesday logged their steepest single-day fall in a month. Both the Sensex and the Nifty went into a tailspin on the first day of the new financial year, with the former plunging by 1,390 points or 1.80% to settle at 76,024.51 and the latter plummeting 353.65 points or 1.50% to close at 23,165.70 following heavy selling in IT and banking counters led by HDFC Bank, leaving investo