Sensex Crashes 3,900+ Points as RIL, TCS Hit 52-Week Lows Amid Global Sell-Off

The Indian stock market faced a sharp decline on April 7, 2025, as over half of the Sensex stocks plunged more than 5% in intraday trading. This downturn was driven by risk-averse sentiment following US President Donald Trump’s announcement of new reciprocal tariffs. Several major stocks, including Tata Motors, Reliance Industries (RIL), and TCS, hit their 52-week lows.

As of April 7, 2025, at 11:24 AM IST, 15 securities hit their 52-week high, while 629 stocks reached their 52-week low, indicating a sharp market downturn. Among the stocks reaching new highs, AONELIQUID touched ₹1,002.42, CASHIETF climbed to ₹1,034.60, and GSEC10IETF rose to ₹253.59. ITTL also hit a fresh high of ₹40.55, marking a 1.88% gain. Meanwhile, ABIN-RE1 saw a significant drop of 17.29% despite previously reaching ₹54.00.

Biggest Losers in Sensex

Among the worst-hit stocks:

• Tata Steel fell 11.5%

• Tata Motors plunged 10.3% (52-week low)

• Infosys dropped 9.9%

• IndusInd Bank declined 9.4%

• Adani Ports slipped 9.3%

• M&M lost 9.1%

• L&T fell 8.9%

• Tech Mahindra declined 8.4%

• HCL Tech dropped 8.3%

• Kotak Mahindra Bank and Sun Pharma lost 8.1% each

• Reliance Industries declined 7.4% (52-week low)

• TCS fell 7.2% (52-week low)

• Bajaj Finance slipped 7.1%

• Axis Bank lost 5.1%

Read more about India VIX Surges 59% Amid Global Market Turmoil; Sensex Crashes 3,900 Points. 

Tata Motors Plunges on JLR Export Halt

Tata Motors’ stock price sank 10.31% to ₹550.55, reaching a 52-week low after Jaguar Land Rover (JLR), its UK-based subsidiary, announced a pause in exports to the US. This decision came after Trump imposed a 25% tariff on non-US manufactured cars.

The US is a key market for JLR, accounting for 23% of its revenue and 26% of its wholesale volumes in FY24. The company is now reassessing its trading strategies due to the new tariff rules.

Tata Steel Drops 11.5% on Tariffs & Tax Notice

Tata Steel saw a steep fall of 11.5%, hitting an intraday low of ₹124.2 per share. The stock was hit by two major setbacks:

1. Global metal industry turmoil – The sector faced heavy selling pressure after China was hit with a 54% tariff, leading to retaliatory tariffs of 34% on the US.

2. Tax notice – Tata Steel received an income tax notice for FY 2018-19, increasing its taxable income by ₹25,185.51 crore. This amount relates to debt waived off when Tata Steel acquired Bhushan Steel (now Tata Steel BSL) under the Insolvency and Bankruptcy Code (IBC).

IndusInd Bank Falls 9.4% on Weak Q4 Update

IndusInd Bank’s stock dropped 9.4% after a weak Q4FY25 business update. The bank reported:

• Net advances rose just 1.4% YoY to ₹3,47,933 crore, but declined 5.2% QoQ

• Deposits increased 6.8% YoY to ₹4,11,140 crore, but grew only 0.4% QoQ

Reliance Industries at 52-Week Low Amid Oil Price Fall

Reliance Industries’ stock fell 7.4% intraday to a new 52-week low of ₹1,115.5. The decline was due to a sharp drop in crude oil prices, which hurt RIL’s oil exploration and petrochemical business—a segment that contributes nearly 60% of its revenue.

Sensex Crashes Over 3,900 Points

The BSE Sensex plunged by 3,939.6 points (5.2%), hitting an intraday low of 71,425. The crash followed a global equity sell-off triggered by Trump’s aggressive tariffs on over 180 countries.

China and Canada retaliated with similar tariffs, while the Eurozone is also considering countermeasures. This escalating trade conflict has added to market uncertainty, leading to widespread panic selling on Dalal Street.

Conclusion

The Indian stock market witnessed a sharp sell-off amid escalating trade tensions. Investors remain cautious as global markets react to Trump’s aggressive tariff policies.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.