Sensex falls by 322 points as Trump imposes reciprocal tariffs on 60 countries 

Benchmark indices Sensex and Nifty closed down on Thursday due to selling in IT shares amid a global sell-off as US President Donald Trump unveiled reciprocal tariffs on about 60 countries, including India.

The 30-share BSE Sensex declined by 322.08 points or 0.42 per cent to close at 76,295.36. During the session, it plunged 809.89 points or 1.05 per cent to hit an intra-day low of 75,807.55 but recovered some of the losses as pharma shares advanced.

The broader NSE Nifty fell 82.25 points or 0.35 per cent to settle at 23,250.10. The index declined by 186.55 points or 0.79 per cent to a low of 23,145.80 in early trade but later pared some losses.

President Trump, in a historic measure to counter higher duties on American products imposed globally, announced reciprocal tariffs on about 60 countries. The US imposed a 27 per cent tariff on Indian goods while imposing a 10 per cent baseline tax on imports from all countries.

IT shares led the losses with TCS falling the most by 3.98 per cent. Tech Mahindra declined by 3.79 per cent, HCL Technologies by 3.71 per cent and Infosys by 3.41 per cent.

Tata Motors, Bajaj Finance, Kotak Mahindra Bank, Mahindra & Mahindra, Bharti Airtel, Maruti Suzuki India and Tata Steel were also among the laggards.

PowerGrid, Sun Pharmaceuticals, UltraTech Cement, NTPC, Asian Paints, Nestle India, Titan, IndusInd Bank and Axis Bank were among the gainers.