Stock Market Ends Trade In Negative Territory, Sensex Falls 380 Points, Nifty Closes Below 22,400

Stock Market Closing Bell: The domestic benchmark indices closed In Negative Territory on Wednesday amid trade war concern between powerfull countries. At the time of closing, Sensex, the index of top 30 shares on BSE, down 379.93 points or 0.51 percent at 73,847.15, meanwhile, the Nifty50, the index of top 50 shares on NSE, was downor 0.61 percent or 136.70 points at 22,399.15. 

Amomg Sensex stocks, Nestle India, Hindustan Uniliver Titan, Power Grid and Ultratech Cement were the top gainers. While L$T, Tata Steel, Sun Pharma, Infosys, HCL Tech were biggest laggard. 

Indian metal stocks continued to bleed during intraday trade on Wednesday amid tariff tensions between US and Chinam, the world’s two largest economies. Both the power have been engaged in recipocal tariff imposition since the begining of this month.

The Nifty Metal index have been trading in pressure since morning. At around 1:38 pm, the Nifty Metal Index was at 7,821.15, down 1.8%. In a week, the index tanked over 13%. In a month it plunged over 12%.

Metal Stocks Today

JSW Steel, Hindustan Zinc, Tata Steel and Vedanta were down over 1%.

Share Market latest Update: Domestic Benchmark indices are still trading in negative territory in afternoon trade, however they have pared some early loses after RBI announces reduction in repo rate. At around 12:19 pm, the Sensex was trading 371.39 points lower to 73,855.69, while the Nifty shrinked 112.25 points to trade at 22,423.60. Both the indices were trading around 0.5% lower.

IT, Metal And Banking stocks are in pressure, while FMCG index is in green.

Gold Finace Stocks: Shares of Muthoot Finance, Cholamandalam Financial Holdings,IIFL Finance,and Manappuram Finance experienced a massive decline in today's trade after the Reserve Bank of India (RBI) announced comprehensive rules on prudent policies related to gold lending.

Muthoot Finance tanked 10%

IIFL Finance Plunged Over 6.5%

Manappuram Finance shrinked 2.5%

The RBI Governor Sanjay Malhotra announced that detailed guidelines on gold loans will be issued soon. Following the announcement, the share of Muthoot Finance fell over 7 percent. At around 10:50 am, the shares of Muthoot Finance were trading at Rs 2,114.0, down 7.79% against previous day's closing price. 

While adressing the media post RBI's MPC Meeting, the governor said that the central bank has reduced its forecast for GDP growth in FY26 from 6.7% to 6.5%. The central bank has released quarterly GDP growth estimates of 6.5% for Q1, 6.7% for Q2, 6.6% for Q3, and 6.3% for Q4.

The Reserve Bank of India (RBI) Governor Sanjay Malhotra has revised the Consumer Price Index (CPI) inflation forecast for the financial year 2025-26 (FY26), lowering it to 4 per cent from the earlier estimate of 4.2 per cent. The quarterly breakdown of the CPI inflation projections stands at 3.6 per cent for Q1, 3.9 per cent for Q2, 3.8 per cent for Q3, and 4.4 per cent for Q4.

RBI MPC Committee decided to cuts repo rate by 25 bps to 6% and chnaged the policy stance to ‘accommodative’ from ‘neutral’, said RBI Governor Sanjay Malhotra while adressing media post 3 days Menetary Policy Committee Meeting.

Pharma Stock Today: The listed Pharmaceuticals stocks are bleeding in the early trading hour on Wednesday amid concern over US tariff. The Trump adminitration has signalled to levy tariff on Pharma products. Glad shares fell 5.11% lower, Zydus Life plunged over 3%, Aurbindo Pharma was down 3.2%. Biocon And DR Reddy Lab shares were trading over 2% lower. Meanwhile, Natco Pharma, Glenmark, Abbot India shares were down over a percent.

The domestic stock indices opened in negative territory on Wednesday amid weak global cues and concern over US tariff. At around 9:22 am, Sensex, the BSE's index was tradimg at 74,002.07, down 225,01 points or 0.30%, while Nifty was at 22,451.40, falling 84.45 points or 0.37%.  

Stock Market Live Update: The Indian currency, that is rupee, fell 21 paise to open at 86.45 per dollar on Wednesday. It closed at 86.24 in the previous session.

The domestic benchmark indices are trading in negative territory in the pre-opening session. The BSE's index 'Sensex' was trading 0.29% or 218.61 points at 74,008.47, while Nifty50, the Index of top 50 shares on NSE, was down 227.45 points or 1.01 per cent to trade at 22,308.40.

Amid all the uncertainty about how the would market react when there is a massive sell-off in global markets, the only good news for the Indian share market could be the rate cut, if announced by the RBI governor. The three-day RBI MPC meeting will be concluding today and Governor Sanjay Malhotra will be announcing the decision at 10 Am today. 

The reduction in the repo rate can be a boost for the market, especially for banking stocks.

Asian markets fell on Wednesday after a sharp decline in U.S. markets on Tuesday as investors braced for country-specific tariffs to be implemented by U.S. President Donald Trump at midnight. Nikkei 225 fell 2.69%, Hang Seng was down 1.5%, KOSPI was trading 0.5% lower and Shanghai Composite was flat in early trade.

The trend in GIFT Nifty is showing a negative start for the domestic stock indices. The index fell 135.5 points or 0.60 per cent and Nifty futures are trading at 22,463.