“Sensex Crashes 600 Points, Nifty Slips Below 24,800 Amid US Tariff Jitters”

Sensex Sheds 543 Points, Nifty Slips to 24,803 as US Tariff Jitters Hit Markets.

Indian equities fell for a second straight session on Tuesday, weighed down by concerns over fresh US tariffs set to kick in from Wednesday. The Sensex closed 543 points lower at 81,093, while the Nifty50 dropped 165 points to settle at 24,803.

What Triggered the Fall

Investor sentiment soured after US President Donald Trump fired Fed Governor Lisa Cook over alleged falsification of mortgage documents and warned of export curbs on semiconductors in retaliation to digital services taxes by other countries.

Top Losers

Heavyweights including Sun Pharma, Tata Steel, ICICI Bank, BEL, Adani Ports, Bharti Airtel, Power Grid, Tata Motors, HDFC Bank, NTPC, Axis Bank, and Trent led the decline.

In the broader market, Nifty MidCap fell 0.88% and SmallCap slipped 0.90%. Sector-wise, pharma (-1.36%), realty (-1%), metals (-0.77%), and PSU banks (-0.68%) were top laggards, while FMCG (+0.09%) was the sole gainer.

Technical View

• Kotak Securities’ Shrikant Chouhan said the Nifty remains range-bound:
• Upside breakout: 25,000 with targets at 25,150–25,200.
• Downside support: 24,900–24,850; below this, the index may test 24,750–24,700.

Global Cues

Asian markets also traded weak, with the MSCI Asia Pacific index down 0.7%, dragged by Japan’s Nikkei (-1.09%) and South Korea’s Kospi (-0.86%). On Wall Street, rate-cut optimism faded Monday, pulling the S&P 500 down 0.43% and the Nasdaq lower by 0.22%.