Stock Market Today: Nifty, Sensex End Lower As Trump Tariff Weighs On Risk-On Sentiment; Infosys Drag Most

• Rupee strengthened 7 paise to close at 85.44 against US dollar 

• It ended at 85.51 a dollar on Wednesday

Source: Bloomberg

• Europe: European Central Bank Monetary Policy Meeting — 5:00 p.m.

• US: Weekly Unemployment Claims — 6:00 p.m.

• US: Final Services PMI — 7:15 p.m.

• US: Energy Information Administration Natural Gas Storage Report — 8:00 p.m.

• US: Federal Reserve Governor Philip Jefferson at the Conference on Financial Intermediaries, Markets, and Monetary Policy, in Atlanta — 9:30 p.m

• The Nifty 50 and Sensex ended lower as concerns over potential trade war dented risk-on sentiment

• The Nifty 50 and Sensex ended 0.35% and 0.42% down, respectively.

• The NSE Nifty IT hit the lowest level since June 24. It ended 4.21% down.

• The NSE Nifty Pharma rose to over one-month high. It ended 2.25% higher.

• The NSE Nifty Midcap 150 ended 0.20% higher.

• The NSE Nifty Smallcap 250 ended 0.70% higher.

Shakti Pumps has received a significant order worth Rs 12 crore from the Maharashtra Energy Department. The order involves the supply of 445 solar water pumping systems, aimed at promoting sustainable irrigation practices in the region.

Markets across eurozone were trading losses after tension rose regarding potential trade war following US tariff imposition. European Union has vowed to retaliate to US Donald Trump's 20% tariff on bloc's exports.