Stock Market Today: Nifty Holds 24,500 Levels Even As Bears Charge Amid Tariff Jitters, Sensex Down 700 Points

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• Nifty fell over 2% in last 5 days

• Nifty fell 200 points from the day high, managed to close above 24,500.

• Nifty fell nearly 1% for the day.

• Shriram Finance and HCL Tech fell the most in Nifty.

• Benchmarks outperformed Broader Market Indices

• Nifty Midcap 150 fell over 1% for the day, drag by Poonawala Fincorp, and Aditya Biral Corp.

• Nifty smallcap 250 loses over 1% for the day, drag by Olectra Greentech and CESC

• All sectoral Indices lose in trade, Nifty IT fell the most

• Nifty IT emerges as worst performing sector for the day, drag by HCLTech and LTTS.

• ICICI bank and HDFC Bank contribute most to Nifty decline

• Nifty oil and gas , Auto, Metal ,pharma , Realty , IT extend losses for second day in a row

• Nifty PSU bank loses for sixth consecutive session

• Nifty bank and Nifty financials lose for 4th consecutive session

• Rupee closed 5 paise stronger at 87.63 against US dollar

• It closed at 87.68 a dollar on Tuesday

Source: Bloomberg

The Indian steel market is undergoing a positive shift, driven by new government policies in both India and China that are helping to stabilize the supply of steel. While demand in India is still slow, the industry is optimistic about a recovery after the monsoon season, supported by more government spending in the current fiscal and the upcoming tax reforms.

Shakti Pumps' first tranche of 10,000 unit of solar pumps fully booked by farmers, the company said in the exchange filing.