Stock market today : BSE Sensex and Nifty50 , the Indian equity benchmark indices, tanked in trade on Tuesday morning. While BSE Sensex plunged over 350 points, Nifty50 went below 23,450. At 9:17 AM, BSE Sensex was trading at 77,046.41, down 369 points or 0.48%. Nifty50 was at 23,431.40, down 88 points or 0.37%.

The Indian equity markets showed limited movement in the previous week, ending with slight gains following the sharp recovery seen earlier. In the coming days, traders will focus on international developments due to limited domestic catalysts. The market will closely observe the effects of reciprocal tariffs beginning April 2 and their impact on worldwide commerce.

Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited says, “Globally markets are focused on the details of Trump’s reciprocal tariffs to be announced tomorrow. The market trends after the announcements will depend on the details of the tariffs and how they will impact different countries and sectors. India outperformed most markets in March with 6.3% return. FIIs turning buyers and the consequent short covering contributed to the rally. Can the rally continue or will there be another downturn? This will depend mainly on what Trump announces in tariffs. If the tariffs are lower-than-feared there can be a rally in the market which will be led by externally linked sectors like pharmaceuticals and IT. On the other hand if the tariffs are severe there can be another round of downturn in the market. Investors can wait and watch and respond after the details are known."