{"id":56586,"date":"2025-02-24T04:14:03","date_gmt":"2025-02-24T04:14:03","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/02\/24\/sensex-nifty-decline-in-early-trade-it-stocks-hit-hard-on-tariff-concerns\/"},"modified":"2025-02-24T04:14:03","modified_gmt":"2025-02-24T04:14:03","slug":"sensex-nifty-decline-in-early-trade-it-stocks-hit-hard-on-tariff-concerns","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/02\/24\/sensex-nifty-decline-in-early-trade-it-stocks-hit-hard-on-tariff-concerns\/","title":{"rendered":"Sensex, Nifty Decline In Early Trade; IT Stocks Hit Hard On Tariff Concerns"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> Indian shares were moving lower on Monday as U.S. President Donald Trump reiterated reciprocal tariffs plans for India. <\/p>\n<p>The benchmark S&amp;P\/BSE Sensex dropped 550 points, or 0.7 percent, to 74,760 in early trade while the broader NSE Nifty index was down 161 points, or 0.7 percent, at 22,634. <\/p>\n<p>IT stocks were among the worst hit, with Infosys, TCS, Wipro and HCL Technologies all falling around 2 percent. <\/p>\n<p>Britannia and BPCL both fell around 1 percent after they have been removed from Nifty 50.<\/p>\n<p>Jio Financial Services declined 1.4 percent and Zomato fell nearly 2 percent. The two stocks have been added to the index with effect from March 28.<\/p>\n<p>Jagsonpal Pharmaceuticals lost 2.4 percent after receiving a warning from the U.S. FDA for significant manufacturing lapses at its Rajasthan-based API plant.<\/p>\n<p>Manappuram Finance rallied 2 percent on reports that American private equity player Bain Capital is likely to acquire a significant part of the promoter stake in the gold loan company. <\/p>\n<p>Healthcare Global Enterprises jumped 2.5 percent as KKR agreed to acquire up to 54 percent of equity in the company from CVC Asia V at a purchase price of Rs.445 per share.<\/p>\n<p>RailTel Corporation gained 2.6 percent on winning the Kavach tender for 71 stations. <\/p>\n<\/p>\n<p>Market Analysis<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Decline In Early Trade; IT Stocks Hit Hard On Tariff Concerns<\/a><br \/>\n<br \/>2025-02-24 04:14:03<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian shares were moving lower on Monday as U.S. President Donald Trump reiterated reciprocal tariffs plans for India. The benchmark S&amp;P\/BSE Sensex dropped 550 points, or 0.7 percent, to 74,760&#8230;<\/p>\n","protected":false},"author":2,"featured_media":56587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-56586","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/56586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=56586"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/56586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/56587"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=56586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=56586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=56586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}