Indian stock markets on Friday ended in the red for the second day in a row, as investors turned cautious after US President Donald Trump’s reciprocal tariffs announcement.
The sensex fell by 930.67 points, or 1.22 per cent, to close at 75,364.69. During the day, the index moved between an intra-day high of 76,258.12 and a low of 75,240.55.
The broader Nifty also dropped sharply and settled at 22,904.45, down by 345.65 points, or 1.49 per cent during the intra-day trade.
"The recent implementation of higher-than-anticipated US tariffs has had a significant impact on global markets, triggering a bearish trend as investors assess the broader implications,” said market experts.
“Domestically, while the direct impact of these tariffs is relatively moderate compared to other major economies, it remains more substantial than initially projected,” he added.