Stock Market Live Updates: Trump tariffs trigger global sell off, Nasdaq Futures down 3.5%. GIFT Nifty down 350 points

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Sensex Nifty Today | Stock Market Live Updates: As global markets react to Donald Trump’s fresh tariff announcement, all eyes are on how Indian equities will open today. With key sectors like automobiles, pharmaceuticals, electronics, IT, and jewellery in focus, investors will be watching for early trends and market sentiment.

Key things to watch out –

Trump’s ‘Liberation Day’ Tariffs: On April 2, US President Donald Trump declared “Liberation Day,” unveiling a sweeping new tariff policy that could significantly impact global trade. A key component of the announcement is a universal import duty, a flat 10% tariff on all goods entering the US, set to take effect on April 5.

Higher Tariffs on Key Trading Partners- In addition to the universal duty, Trump introduced reciprocal tariffs targeting 60 countries to counter what he calls unfair trade practices. The tariff rates vary, with China facing the steepest levy at 34%, followed by Vietnam at 46%, India at 26%, Japan at 24%, and the European Union at 20%. The UK, meanwhile, will see a 10% tariff on its exports to the U.S. These tariffs are expected to have far-reaching effects on industries like automobiles, pharmaceuticals, electronics, IT, and jewellery, potentially leading to shifts in global supply chains.

Wall Street Futures Slide After Trump’s Tariff Move: Wall Street futures took a sharp hit after US President Donald Trump announced sweeping tariffs in the early hours of Thursday (Indian time). The Dow Jones futures plunged over 900 points, while the S&P 500 and Nasdaq futures dropped 3.9% and 4.7%, respectively.

Live Updates 07:14 (IST) 3 Apr 2025 Share market today live updates: GIFT Nifty indicates a weak start for Indian markets

Indian stock markets are gearing up for a rough opening after Trump’s new tariffs sent shockwaves across global markets. Early signs from GIFT Nifty suggest a sharp decline, with the index down over 350 points, hovering near 23,000. This indicates a potential gap-down opening for Sensex and Nifty 50.

07:11 (IST) 3 Apr 2025 Share market today live updates: Global markets rattle after Trump’s tariff shock

Investor panic set in after Trump’s sweeping tariff announcement, triggering a sharp selloff in global markets. Dow futures tumbled nearly 1,100 points. The S&P 500 dropped 3.5%.

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