Sensex, Nifty updates on 9 April 2025: Indian equity markets fell sharply on Wednesday, tracking a global selloff sparked by U.S. President Donald Trump’s new “reciprocal” tariffs, which heightened fears of a global trade war. The Sensex ended 379.93 points or 0.51% lower at 73,847.15, while the Nifty 50 shed 136.70 points or 0.61% to close at 22,399.15. Despite the Reserve Bank of India’s 25 bps rate cut—its second this year—and a shift to an accommodative policy stance, investor sentiment remained weak. IT and pharma stocks led the decline, falling 2.2% and 2%, respectively, with concerns over U.S.-focused revenues and import tariffs. Smallcap and midcap indices also lost ground. Consumer stocks were the lone bright spot, rising 1.8% after the RBI lowered its inflation forecast for FY26. Globally, the MSCI Asia ex-Japan index dropped 1.3%, and Europe’s STOXX 50 fell 2.7%. Market experts say India may face less downside risk compared to peers due to its lower export dependence.