Share Market: India’s benchmark indices, Sensex and Nifty50, ended the day’s trade in red on Wednesday, April 9, 2025. The Sensex (index with top 30 firms) tumbled 328.96 points to close at 73,898.12 on Wednesday. Meanwhile, Nifty50 (index with top 50 firms) was down 136.70 points to close at 22,399.15 points. Among the Sensex-packed stocks, 18 closed in red, while 12 advanced.
The Sensex tumbled 123.25 points to open at 74,103.83 points on Wednesday. Meanwhile, Nifty50 opened 75.55 points lower at 22,460.30 points.
Moreover, Sensex and Nifty50, ended the Tuesday’s trade in green. The Sensex surged 1089.18 points to close at 74,227.08 on Tuesday. Meanwhile, Nifty50 was down 374.25 points to close at 22,535.85 points.
What’s Impacting The Share Market?
The Reserve Bank of India (RBI) has announced its first monetary policy of Fiscal Year (FY) 2025-26 today, April 9. The RBI has reduced the benchmark repo rate by 25 basis points (bps) to 6.00% from 6.25%. This is the second consecutive rate cut, with the last reduction done in February, this year. Moreover, the marginal standing facility rate stands at 6.25% as of now.
However, this too failed to impress the share market. Several experts wanted a more robust, 50 basis points rate cut in the repo rate.
RBI Governor Malhotra unveiled the decision in the monetary policy statement on Wednesday. During his address, Malhotra pointed out towards the global uncertainties following the reciprocal tariffs announcement by US President Donald Trump.
This drop was also triggered by the tensions between the United States and China over tariffs has escalated following the US imposing 104% tariff on China. The 104% tariff will go into effect starting Wednesday.
The White House made the announcement regarding the tariffs on Tuesday. This came after China imposed a retaliatory tariff on the US following the ‘the Liberation Day’ announcement by the US President Donald Trump.
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