Sensex Drops 900+ Points on Apr 1; TechM, Infosys, TCS Decline

Indian benchmark indices opened lower on Tuesday, weighed down by a few banking and IT stocks amid concerns over Donald Trump’s tariff announcement. At 10:38 AM, BSE Sensex dropped over 900 points after the market opened and was trading down the 77,000 level. Sensex opened at 76,882.58 and was trading at 76,499.55, down by 1.18%. 

BSE Sensex 30 Stocks

Out of the 30 stocks in the BSE Sensex, only 10 were trading in positive territory, while the remaining stocks were witnessing a decline. Among the gainers, IndusInd Bank stood out with a strong upward momentum, registering a notable gain of ~5.28% on the BSE as of 10:42 AM.

On the other hand, IT stocks were under selling pressure, with leading technology firms such as Tech Mahindra (TechM), Infosys, and Tata Consultancy Services (TCS) trading in the red. These stocks saw a decline of over 1.2% each, contributing to the overall bearish sentiment in the market. 

Though IndusInd Bank was gaining, other banking stocks, such as Kotak Mahindra Bank, ICICI Bank and Axis Bank dropped by 1.26%, 1.35% and 2.26%, respectively. 

Sectoral Performance 

Expect BSE Sensex Next 30, all the sectoral indices on BSE were in red. BSE Bankex and BSE Sensex 50 slipped by 1.08% and 0.81%, respectively.

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