Mumbai, Apr 4 (UNI) A widespread selling, following imposition of 26 per cent “Reciprocal Tariffs” by the US President Donald Trump, was witnessed in the stock market on Fridayas the BSE Sensex suffered a loss of over 930 points to end the day at 75,364.69 and investors losing about Rs 11 lakh crore of wealth in a single day.

The National Stock Exchange (NSE) fell 345.65 points to settle at 22,904.45. The substantial drop in crude prices and significant selling in major companies like Reliance Industries, Larsen & Toubro and Infosys contributed to the market downturn.

The day opened on a negative note at 76,160.09, falling 135 points. It remained negative throughout the session. During the day, it tanked 1055 points 75,240.55, during intra-day trading, before closing at 75,364.69, down 930.67 points from its previous close. Weak global market also contributed to weak sentiments in the Asian bourses.

The Foreign Institutional investors (FIIs) continue to remain net sellers in the cash segment. The FIIs sold equities worth Rs 2,806 crore while the Domestic Institutional Investors (DIIs) bought equities to the tune of Rs 221.47 crore in the last trading session yesterday, according to latest data available.

The brokers in the market said the situation in the market continues to be sensitive and asked retail investors to be cautious before taking any decision.

Stocks that were badly hit were Metal by 6.34 per cent, followed by Oil and Gas and Commodities by 3.89 per cent each. Energy by 3.65 per cent and Reality by 3.61 per cent.

Meanwhile the government maintained that it was analysing the impact of Reciprocal Tariffs and is in discussion with the US authorities in this regard.

The mid-cap declined 3.08 per cent and the small cap by 3.43 per cent. In the 30-share BSE Sensex, shares of 22 companies ended in red while that of 8 companies were in green as their prices closed higher over previous close.

Major losers in today’s trade were Tata Steel by 8.36 per cent to Rs 140.80, Tata Motors by 5.92 per cent to Rs 615.30, L&T by 4.69 per cent to Rs 3258.40, and Adani Ports by 4.01 per cent to Rs 1153.

The gainers included Bajaj Finance by 1.59 per cent to Rs 8735, HDFC Bank by 1.30 per cent to Rs 1817, Nestle India Ltd by 0.79 per cent to Rs 2364.95, and ICICI Bank by 0.38 per cent to Rs 1334.05.

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