Market News
3 min read | Updated on March 04, 2025, 12:44 IST
SUMMARY
NIFTY50 and SENSEX opened lower on March 4 amid concerns over US President Donald Trump's new 25% tariffs, which are likely to be imposed today. Titan, HUL, Britannia, and Gail, along with 391 other stocks, hit their 52-week lows. NIFTY Auto and NIFTY FMCG were among the top losers, while NIFTY Media and NIFTY PSU Bank were trading in green.
Stock list
NIFTY Auto and NIFTY FMCG index were among the top losers. | Image: Shutterstock
NIFTY50 and SENSEX continue to trade lower for the second straight this week. Bears continued to hold their grip on the markets amid concerns over US President Donald Trump's new 25% tariffs on goods imported from Mexico and Canada, starting Tuesday.
As many as 395 stocks hit their lowest level in 52 weeks as the benchmark equity indices declined for the tenth day in a row. As of 12:30 pm, the benchmark NIFTY 50 declined 47.5 points, or 0.2%, to 22,073. The BSE SENSEX, meanwhile, fell 142 points, or 0.19%, to trade below 73,000 levels at 72,939.
The volatility index, or India VIX, slipped 0.4% to 13.70. NIFTY Auto and NIFTY FMCG index were among the top losers, while NIFTY Media and NIFTY PSU Bank were trading in green.
Titan was in the spotlight after some leading market analysts issued concerns over the company’s earnings over FY 25-27 due to higher lease costs, partly attributed to US President Donald Trump’s tariff policy, and lower demand for gold jewellery due to rising gold prices.
Britannia Industries shares were in the news over the past one week after Zomato and Jio Financial Services replaced Britannia and Bharat Petroleum Corporation Ltd (BPCL) in the Nifty 50 index as new members starting March 28, 2025.
A media report said on Tuesday that GAIL (India) has issued a tender seeking nine cargoes of liquefied natural gas (LNG) to be delivered over three years. India’s largest gas distributor is seeking three LNG cargoes for delivery on May 16-22, June 6-12 and July 1-7 this year, with submissions due on March 7, the report added.
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