Indian Markets Snap Two-Week Winning Streak Amid Trade War Fears; Rupee Strengthens
The Indian equity market ended a two-week gaining streak as rising concerns over a potential trade war triggered a global sell-off. Investor sentiment was rattled by US President Donald Trump’s reciprocal tariff announcements, which reignited fears of an economic slowdown.

For the week ended April 4, the BSE Sensex declined by 2,050.23 points or 2.64%, closing at 75,364.69, while the Nifty50 fell 614.9 points or 2.61% to settle at 22,904.45.

Despite the market decline, the Indian rupee extended its gains against the US dollar, appreciating by 23 paise to close at 85.23 per dollar on April 4, compared to 85.46 on March 28.

The BSE Large-cap Index also dropped 2.5%, led lower by stocks like Dabur India, Bajaj Holdings & Investment, HCL Technologies, Waaree Energies, Info Edge India, TCS, and Vedanta. However, some large-cap gainers included IndusInd Bank, Indus Towers, Tata Consumer Products, Trent, and Canara Bank.

The BSE Mid-cap Index also declined 2.5%. Major losers were Punjab & Sind Bank, UCO Bank, Central Bank of India, Persistent Systems, and Coforge, which shed between 11% and 30%. On the other hand, notable gainers included IDFC First Bank, Zee Entertainment Enterprises, GMR Airports, Whirlpool of India, and Kalyan Jewellers, each rising around 9