India's benchmark indices were trading lower on Wednesday as US tariffs came into effect. The NSE Nifty 50 was down 0.49% at 22,424.55 while the BSE Sensex was 0.47% lower at 73,881.79 as of 12:30 p.m. Several stocks are making notable moves in the market. Among them are Vishal Mega Mart Ltd., Senco Gold Ltd., Muthoot Finance Ltd., State Bank of India, Infosys Ltd., and Ipca Laboratories Ltd.
Stock Market Crash Today: Indian stock markets experienced a sharp drop as renewed recession fears and President Trump's new tariff announcements sparked a global selloff. The Sensex fell 836 points, with broad-based selling pulling down sectoral indices including metal, pharma, and IT. Investor sentiment was affected by potential tariffs targeting the pharma sector and heightened global uncertainty.
Stock market crashed: Select stocking including Punjab & Sind Bank, UCO Bank, Ipca Labs, Voltas, Suven Pharma tumbled up to 20 per cent during the trading on Tuesday.
Shares of Aurobindo Pharmaceuticals dropped 2% to a day's low of Rs 1,132.75, while Ipca Laboratories fell 2.7% to Rs 1,403.95. Sun Pharmaceuticals and Dr. Reddys Laboratories saw a 1.7% decline each.