New Delhi, April 3, 2025 – After opening with a sharp decline due to global pressure stemming from the United States’ reciprocal tariff policy, Indian stock markets showed signs of recovery during early trading. Both benchmark indices, Sensex and Nifty, clawed back some losses as investor sentiment improved, supported by selective buying in heavyweight stocks.
Sensex Bounces Back After Slump
The BSE Sensex opened at 75,811.86, falling 805 points in reaction to overnight global cues following the US tariff announcement. However, within an hour of trading, Sensex rebounded by more than 590 points from the day’s low, trimming losses. By 10:15 AM, it was trading at 76,404.52, down by only 212.92 points or 0.28%.
Similarly, the NSE Nifty opened at 23,150.30, dropping 182 points but recovered to 23,276.35, down by just 56 points or 0.24%.
Pharma and Finance Stocks Lead the Recovery
Among the top performers on Sensex during early trade:
Sun Pharmaceuticals surged 4.22%
Dr. Reddy’s Laboratories climbed 3.67%
Cipla, Shriram Finance, and Titan Company also traded with gains ranging between 1.2% to 2.5%
On the other hand, technology and auto stocks dragged:
TCS dropped 3.29%
Tech Mahindra, HCL Tech, and Infosys were down by over 2.3%
Bajaj Auto also saw pressure
Broader Market Trends and Participation
As of 10:15 AM, trading activity showed:
2,444 total active stocks
1,400 in the green
1,044 in the red
On the Sensex, 14 of the 30 stocks were in the green
On the Nifty, 19 out of 50 stocks were trading positively
The buying trend indicated renewed investor confidence despite the initial global shock.
Global and Previous Session Context
The early dip in Indian equities mirrored broader Asian market weakness triggered by President Donald Trump’s reciprocal tariff policy announcement, which rattled markets worldwide.
On Wednesday, Sensex had closed 592.93 points higher at 76,617.44, while Nifty ended 166.65 points higher at 23,332.35, indicating bullish momentum prior to Thursday’s shock opening.
Market analysts advise caution but highlight that strong buying interest at lower levels could support further recovery if global sentiment stabilizes in the coming sessions.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
