Live Updates: Trump Tariffs Impact Nifty Drop Below May 12 Low as Adani Group Stocks Plummet

The stock market is facing a tough day. The Nifty index is down over 140 points, hovering below 24,450. Meanwhile, the Sensex has dropped nearly 420 points and might even fall below 80,000. Pharma stocks, which had recently bounced back, are feeling the pressure again.

Market sentiment is shaken after President Trump announced a significant increase in tariffs on Indian exports to the U.S., now reaching 50%. This move seems to have added to the tension, affecting investor confidence.

The broader market isn’t faring much better. The Nifty Midcap 100 index initially gained ground but later fell sharply, losing about 400 points from its high of the day. This volatility highlights how sensitive the market is to international trade concerns.

On a brighter note, the Nifty Pharma sector is on the upswing, despite pressures from potential tariffs on pharma products. This sector often responds quickly to changes in policy, underscoring its importance in the overall market dynamics.

Some stocks generating buzz today include ITI, Eternal, Kirloskar Oil, GNFC, and PVR Inox, all part of the Nifty 500. Their movements are being closely watched as investors look for signs of resilience.

As the earnings season unfolds, companies like Titan, LIC, Biocon, GCPL, and HPCL are set to report their quarterly results soon, which could influence market trends significantly. Analysts believe positive earnings can provide some relief to worried investors.

In recent months, we’ve seen that trade tensions can swiftly alter market conditions. A report by the World Bank noted that global trade growth is projected to slow down, which could further strain markets around the world. Keeping an eye on these developments is crucial for investors navigating these choppy waters.

As we move forward, the need for a solid strategy becomes even more pressing. With trade policies shifting and earnings reports rolling in, staying informed is key to making smart investment decisions.

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