Tata Trend shares: In a significant market update shares of Tata Group’s Trent Ltd. gained as much as 5% on Tuesday April 1. The rapid gain was noticed as the company announced that it has crossed an operating portfolio of over 1000 large-box fashion stores (including 248 Westside and 757 Zudio stores) as per a report by CNBC. Here are all the details you need to note about the recent update. For those unversed a big-box store or a megastore is a physically large retail establishment usually part of a chain of stores typically known for their lower prices. Moreover Global brokerage firm Macquarie has initiated coverage on Tatas Trent with an ‘Outperform’ rating and set a price target of Rs 7000. Most importantly the firm highlighted Trent as India’s top fashion retailer in the value-to-mid-premium segment. It noted its superior growth return profile and inventory turnover compared to its Asian counterparts and recognised it. Sensex plunges over 1100 pts amid US reciprocal tariff concerns rise Indian frontline indices declined sharply on Tuesday dragged by the IT and financial service stocks amid concerns over the upcoming US reciprocal tariffs from April 2. At 11:05 am Sensex was down 1136.25 points or 1.47 per cent at 76260.90 and Nifty was down 283.70 points or 1.21 per cent at 23231.20. Along with large caps selling was seen midcap and smallcaps. Nifty midcap 100 was down 359.10 points or 0.69 per cent at 51313.35 and Nifty smallcap 100 was down 99.35 points or 0.61 per cent at 15997.15. On the sectoral front Nifty IT index was down over 2 per cent. Nifty financial services pharma metal reality and auto were top laggards. In the Sensex pack IndusInd Bank Zomato Nestle ITC and Bharti Airtel were top gainers. Bajaj Finserv Infosys HDFC Bank Axis Bank Bajaj Finance HCL Tech TCS and Sun Pharma were top losers. According to Krishna Appala of Capitalmind Research caution lingers amid global headwinds. “Potential tariff announcements and their economic fallout remain key concerns influencing sentiment” said Appala. (With inputs from agencies)