Sensex Plunges: Top Stocks Bleeding on Tariff Fears

Trump's Tariff Scare Spooks Dalal Street: Three Stocks That Bled the Most on Sensex

Dalal Street experienced a wave of selling pressure driven by concerns over potential tariffs, leading to a significant decline on the BSE Sensex. The Sensex closed 548 points lower at 77,311.80, with the majority of its constituent stocks ending the session in the red. Here's a look at the top underperformers:

Top Underperformers on Sensex

Power Grid Corp

• Decline: Led the losing pack, down nearly 3.27 percent to close at Rs 269.20 apiece.
• Trading Volume: Saw heavy trading with nearly 3.09 lakh shares, representing over 75 percent of its 10-day average volume.
• Consecutive Losses: Has seen losses for the fourth consecutive session after reporting a 4 percent decline in Q3 net profit to Rs 3,862 crore.

Tata Steel

• Decline: Fell over 3 percent to close at Rs 133.90 apiece.
• Trading Volume: A volume of 11 lakh shares, representing nearly 69 percent of its 10-day average trading volume.
• Tariff Concerns: Metal stocks faced selling pressure after the threat of a 25 percent tariff on all imports of steel and aluminium into America. Peers like JSW Steel and Hindalco also saw cuts of around 2%.

Zomato

• Decline: Dropped nearly 3 percent to close at Rs 227.15 apiece.
• Recent Performance: While recovering from lows earlier this year, it is still 25 percent lower than its all-time high of Rs 304 from December last year.

Titan

• Decline: Shares fell nearly 2.83 percent to close at Rs 3,327.10 per share.
• Lowest Level: Currently at its lowest level seen in 200 sessions.

Gainers on Sensex

While the majority of stocks declined, a few traded in the green with minor gains:

• Kotak Mahindra Bank: Closed 1.34 percent higher at Rs 1,962 per share.
• Bharti Airtel, HCL Tech, Tech Mahindra, ICICI Bank, and TCS: Recorded minor gains of up to 1 percent.

The market's reaction highlights the sensitivity to global trade developments and their potential impact on specific sectors and companies.

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Categories: Sensex decline, Stock Market News, Trump tariff