Indian shares fell sharply on Thursday, with the Nifty 50 slipping below the 29,000 level as worries about new U.S. tariffs on Indian goods grew.
Market Overview
The major indexes all lost more than 1% for a fourth straight day. The Nifty 50 closed at 25,876, down 1%, and the Sensex ended at 84,180, also down about 1%. Smaller‑cap indices fell even more, each losing around 2%.
Why the Drop?
U.S. President Donald Trump backed a bipartisan bill that could impose tariffs as high as 500% on countries buying Russian oil. The bill also adds an extra 25% tariff on Indian exports, on top of an existing 25% duty, because Washington says the oil purchases help fund Russia’s war.
These possible tariffs rattled investors, dampening hopes for a trade deal with the United States and triggering broad selling across sectors.
Stocks That Fell Hardest
- NMDC Steel – down 7% to ₹42.8
- GMDC, Hindustan Zinc, Jindal Stainless, Jindal Steel, Hindustan Copper, NMDC, Lloyds Metals & Energy, Hindalco – each fell 4%‑7%
- Bharat Heavy Electricals – down 10.5% to ₹271.8
- Hitachi Energy India – down 5.8%; ABB India – down 5.3%
- Railway stocks (Ircon International, Rail Vikas Nigam, RailTel) – fell up to 4.3%
- Wind‑energy firms Inox Wind and Suzlon – down 4.1% and 3.7%
- Other laggards: Hindustan Petroleum, Piramal Pharma, Ola Electric, Indian Bank, JBM Auto, KPR Mill, Radico Khaitan, City Union Bank, Indian Oil, Bharat Petroleum – all down 3.5%‑5%
Stocks That Defied the Downtrend
- Alkyl Amines Chemicals – rose 4.5% to ₹1,607
- India Cements – up 4.4% to ₹476
- Niva Bupa Health Insurance, Trident, Sobha, IDFC First Bank, Ipca Laboratories – gained between 2% and 4%
What Investors Should Note
The sell‑off was led by metal, energy and capital‑goods stocks, reflecting profit‑booking and concerns over global price moves and geopolitical tensions. Foreign institutional investors continued to pull money out, adding to the pressure.
While most stocks were down, a few companies managed modest gains, showing that opportunities can still appear in a falling market.
Remember, this is perspective, not prediction. Do your own research and consider speaking with a certified financial advisor before making any investment decisions.