Trump tariffs jolt Indian markets, Sensex falls 1,018 pts

The Indian equity indices extended their losing streak to a fifth straight session on Tuesday with Sensex and Nifty 50 plunging 1.5%, pressured by declines in banking, auto, metal, and IT stocks, as weak domestic earnings and uncertainty over U.S. trade policy weighed on sentiment. At close, the Sensex was down 1,018.20 points or 1.32 percent at 76,293.60, and the Nifty was down 309.80 points or 1.33 percent at 23,071.80. About 516 shares advanced, 3330 shares declined, and 92 shares unchanged.
Adani Enterprises, Trent, Bharti Airtel, Grasim Industries were the biggest gainers on the Nifty while losers included Apollo Hospitals, Eicher Motors, Shriram Finance, Coal India, Bharat Electronics.On the sectoral front,all the sectoral indices ended in the red with auto, consumer durables, capital goods, oil & gas, energy, FMCG, healthcare, power, PSU, realty down 2-3 percent.Nifty Midcap index shed 3 percent, while smallcap index declines 3.5 percent.
Rupee Close:
On 11 Feb'25,the rupee  rallied 63 paise, recording its steepest single-day recovery in nearly two years, to settle at 86.82 against the U.S. dollar, backed by dollar selling by banks, according to information.According to forex traders, Tuesday's sharp gain a day after sliding closer to the 88 level shows a highly volatile currency market amid concerns over the worldwide tariff war.
Trading Guide: 
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,the ongoing uncertainty surrounding US trade policies and tariffs, coupled with domestic economic growth concerns and persistent selling by FIIs, is dampening market sentiment. The mid- and small-cap stocks experienced significant declines due to demand concerns and higher valuations. Although the RBI’s intervention provided some recovery for the rupee from yesterday's record low, it remains under pressure and is likely to keep the market volatile in the near term. Investors are anticipating the PM’s visit to the US for any potential relief in trade uncertainty, while the US inflation data later today will also be a key focus.
Market experts recommended four Intraday stocks to buy-Motherson Sumi Wiring India, NBCC, J&K Bank, and BL Kashyap and Sons.

(Bussinesss Correspondent)