The Indian stock market fell on Wednesday, April 9, tracking weakness in major global peers as fears of a trade war unleashed by US President Donald Trump’s tariff policies continued to weigh on market sentiment.
Prevailing uncertainty over the direction of trade war and its impact on global economic growth has triggered massive losses in markets across the globe.
On April 9, Japan’s Nikkei crashed over 4 per cent while major European indices – FTSE, CAC and DAX- were down 3 per cent each when the Sensex closed.
The Sensex ended with a loss of 380 points, or 0.51 per cent, at 73,847.15, while the Nifty 50 suffered a loss of 137 points, or 0.61 per cent, to end at 22,399.15.
Mid and small-cap segments underperformed, marking deeper losses. The BSE Midcap and Smallcap indices closed 0.73 per cent and 1.08 per cent lower, respectively.
Investors lost about ₹3 lakh crore in a session as the overall market capitalisation of firms listed on BSE dropped to nearly ₹394 lakh crore from nearly ₹397 lakh crore in the previous session.
Stock market today: 10 key highlights
Here are 10 key highlights of the Indian share market today:
1. Why did the Indian stock market fall today?
Concerns over a trade war are not fading away. Trump is not backing away from his tariff plans. In fact, he is going aggressive with them. On April 8, he announced that the country would soon announce a “major” tariff on pharmaceutical imports.
Experts say the Indian economy may be relatively less affected by the tariff war, but it cannot completely distance itself from global turmoil.
Domestic brokerage Kotak Institutional Equities (Kotak Securities) has trimmed India’s FY26 GDP growth estimate to 6 per cent from 6.5 per cent earlier due to a global demand slowdown caused by the tariff war.
The Reserve Bank of India (RBI) has also cut India’s GDP growth projections for FY26 to 6.5 per cent from 6.7 per cent earlier.
The domestic market has not been able to fully discount the impact of a trade war and global economic slowdown, which keeps it volatile.
