IANS LIVE-INDIAN STOCK MARKET ENDS LOWER AS US RECIPROCAL TARIFFS COME INTO EFFECT
May 2, 2025
Fixtures

No live matches found !

Result1 May 2025
Match 50
RR
RR
117/10 (16.1 ov)
MI
MI
217/2 (20 ov)
MI won by 100 runs
Result30 April 2025
Match49
CSK
CSK
190/10 (19.2 ov)
PBKS
PBKS
194/6 (19.4 ov)
PBKS won by 4 wickets
Result29 April 2025
Match 48
DC
DC
190/9 (20 ov)
KKR
KKR
204/9 (20 ov)
KKR won by 14 runs
Result28 April 2025
Match 47
RR
RR
212/2 (15.5 ov)
GT
GT
209/4 (20 ov)
RR won by 8 wickets
Result27 April 2025
Match 46
DC
DC
162/8 (20 ov)
RCB
RCB
165/4 (18.3 ov)
RCB won by 6 wickets
Result27 April 2025
Match 45
MI
MI
215/7 (20 ov)
LSG
LSG
161/10 (20 ov)
MI won by 54 runs
Result26 April 2025
Match 44
KKR
KKR
7/0 (1 ov)
PBKS
PBKS
201/4 (20 ov)
No result
Result25 April 2025
Match 43
CSK
CSK
154/10 (19.5 ov)
SRH
SRH
155/5 (18.4 ov)
SRH won by 5 wickets
Result24 April 2025
Match 42
RCB
RCB
205/5 (20 ov)
RR
RR
194/9 (20 ov)
RCB won by 11 runs
Result23 April 2025
Match 41
SRH
SRH
143/8 (20 ov)
MI
MI
146/3 (15.4 ov)
MI won by 7 wickets
Result22 April 2025
Match 40
LSG
LSG
159/6 (20 ov)
DC
DC
161/2 (17.5 ov)
DC won by 8 wickets
Result21 April 2025
Match 39
KKR
KKR
159/8 (20 ov)
GT
GT
198/3 (20 ov)
GT won by 39 runs
Result20 April 2025
Match 38
MI
MI
177/1 (15.4 ov)
CSK
CSK
176/5 (20 ov)
MI won by 9 wickets
Result20 April 2025
Match 37
PBKS
PBKS
157/6 (20 ov)
RCB
RCB
159/3 (18.5 ov)
RCB won by 7 wickets
Result19 April 2025
Match 36
RR
RR
178/5 (20 ov)
LSG
LSG
180/5 (20 ov)
LSG won by 2 runs
Result19 April 2025
Match 35
GT
GT
204/3 (19.2 ov)
DC
DC
203/8 (20 ov)
GT won by 7 wickets
Result18 April 2025
Match 34
RCB
RCB
95/9 (14 ov)
PBKS
PBKS
98/5 (12.1 ov)
PBKS won by 5 wickets
Result17 April 2025
Match 33
MI
MI
166/6 (18.1 ov)
SRH
SRH
162/5 (20 ov)
MI won by 4 wickets
Result16 April 2025
Match 32
DC
DC
188/5 (20) & 13/0 (0.4)
RR
RR
188/4 (20) & 11/2 (0.5)
DC won by superover
Result15 April 2025
Match 31
PBKS
PBKS
111/10 (15.3 ov)
KKR
KKR
95/10 (15.1 ov)
PBKS won by 16 runs

Indian stock market ends lower as US reciprocal tariffs come into effect

Indian stock market ends lower as US reciprocal tariffs come into place

Mumbai, April 9 (IANS) The Indian stock market ended lower on Wednesday due to weak global cues and concerns over US trade tariffs, even though the Reserve Bank of India (RBI) cut the repo rate by 25 basis points.

The RBI’s monetary policy committee (MPC) reduced the repo rate to 6 per cent from 6.25 per cent -- aiming to support economic growth amid global uncertainties. Along with the rate cut, the central bank also changed its policy stance from ‘accommodative’ to ‘neutral.’

However, amid tariff fears, Sensex slipped 379.93 points, or 0.51 per cent, to close at 73,847.15. Similarly, the Nifty ended 136.70 points lower at 22,399.15, down 0.61 per cent.

The top gainers within the Sensex pack included Nestle India which closed with over 3 per cent gain, Hindustan Unilever which rose 2.52 per cent and Titan finished the intra-day session with a 1.66 per cent gain.

The other gainers were Adani Ports, Power Grid, Asian Paints and ITC. In contrast, top losers included State Bank of India (SBI), Tech Mahindra, Tata Steel, and Larsen and Toubro, with some stocks falling as much as 3.4 per cent.

Broader markets also saw selling pressure. The BSE Midcap index declined 0.73 per cent, while the Smallcap index fell 1.08 per cent.

Among sectoral indices, major losses were seen in Nifty IT, Pharma, PSU Bank, Realty, and Healthcare. These sectors declined between 1.11 per cent and 2.25 per cent.

"Global financial markets are witnessing renewed selling pressure following the enactment of reciprocal tariffs,” said Vinod Nair of Geojit Investments Limited.

He added that in India, a cut in the repo rate, along with the adaptation of an accommodative policy stance, is taken as a constructive step.

“However, it has done little to uplift overall market sentiment, as the world is embracing recessionary risk,” Nair mentioned.

Sentiment took a hit following the announcement of fresh US tariffs on China, leading to a gap-down opening and a largely range-bound session thereafter, said Ajit Mishra of Religare Broking Limited.

The markets will remain closed on April 10 in observance of Mahavir Jayanti.