Sensex Today | Stock Market LIVE Updates: Nifty 50 Opens Lower Amid Global Sell-Off
The Nifty 50 started today’s session 4,302.9 points below its record high of 26,277.35, reflecting weak global cues.
Overnight, Wall Street indices tumbled following the announcement of fresh tariffs by former U.S. President Donald Trump. The S&P 500 closed 1.8% lower, the Dow Jones dropped 650 points, and the Nasdaq Composite plunged 2.7%. Asian equities also saw early declines.
Trump confirmed that the 25% tariffs on Canada and Mexico would take effect on March 4, as negotiations for an exemption failed.
Meanwhile, OPEC+ has decided to move forward with reviving halted oil production despite repeated delays, facing pressure from Trump to reduce oil prices.
Stocks in Focus: IEX, IndiGrid Investment, ASK Automotive, REC, RBL Bank, NAVA, Godrej Properties, Intellect Design Arena, and Uno Minda.
Market Updates
📉 Market Close | Nifty 50 Ends Below 22,100 (March 4, 2025 – 3:30 PM IST)
The Nifty 50 closed 0.17% lower at 22,100, with 28 of its stocks in the red and 22 advancing. Top losers: Bajaj Auto (-4.98%), Hero MotoCorp (-3.05%), and Bajaj Finserv (-2.62%). Top gainers: BPCL (3.15%), SBI (2.93%), and BEL (2.89%).
📉 IT Stocks May See Further Correction (March 4, 2025 – 3:05 PM IST)
Sandip Agarwal, Fund Manager at Sowilo Investment Managers (₹158 crore in assets), warns that despite past resilience, Indian IT stocks could see more corrections.
📉 Gensol Engineering Crashes 20% Amid Retail Surge (March 4, 2025 – 2:53 PM IST)
Retail shareholding in Gensol Engineering Ltd. has surged nearly fivefold in a year. The stock hit a 20% lower circuit after CARE Ratings downgraded its credit facilities due to delays in loan repayments.
