US Tariffs Ripple Through Global Markets

Stocks of companies with significant exposure to the US market are facing aggressive sell-offs. Investors are growing increasingly concerned about a potential recession in the world's largest economy and a global business slowdown. The imposition of high import tariffs by the US has sparked fears of retaliatory measures from other countries, potentially leading to a worldwide production slowdown.

Sector-Wide Impact in India

In India, sectors such as auto & auto parts, metals, software, pharma, textiles, and gems & jewellery have seen sharp declines in stock prices. Leading conglomerates like Tata Group and Reliance Industries have experienced significant market capitalization drops, with Tata Group's market cap falling by about Rs 2.4 lakh crore.

Notable Losers in the Market

Among the hardest hit, TCS's market cap has decreased by approximately Rs 97,100 crore, while Tata Motors lost about Rs 33,800 crore. Reliance Industries saw the largest market cap loss at Rs 1.1 lakh crore. Metal companies like Tata Steel and Hindalco also suffered, losing Rs 31,300 crore and Rs 22,200 crore, respectively.

Market Lows Signal Growing Concerns

Six of the 30 sensex constituents, including Infosys and L&T, hit 52-week lows, with 22 BSE 100 stocks also reaching yearly lows. This sell-off reflects broader fears of a US slowdown impacting global income and profits, especially in sectors like IT and metals.