After opening the day on a flat note, Indian benchmark indices failed to rally and ended the first trading session of FY 2025-26 in negative territory.

Benchmark Indian equity indices fell sharply to end down over 1 percent on the first trading session of the financial year 2025-26 (FY26).

At the closing bell, the BSE Sensex  closed Lower by 1,390 points ( down 1.8%)

Meanwhile, the NSE Nifty closed points 353 lower ( down 1.5%)

Trent, IndusInd Bank, and SBI are among the top gainers today

HDFC Bank, ICICI Bank, and Bajaj Finance, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  23,291, lower by 346 points at the time of writing.

The BSE MidCap index ended 1% lower, and the BSE SmallCap index ended 0.1% higher.

Barring the oil & gas sector and telecommunication sector all other sectoral indices were trading negative with stocks in reality and IT witnessing selling pressure.

The rupee is trading at Rs 85.5 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% higher at Rs 90,744 per 10 grams.

Meanwhile, silver prices were trading 0.1% higher at Rs 1,00,152 per 1 kg.

Here are five reasons why Indian Markets are falling today

#1 Tariff Panic

Indian stocks are being cautious today, following global markets, due to uncertainty around new tariffs. The lack of clarity on Trump's tariffs is affecting the market. As a result, the Nifty 50 fell as much as 1.43% to hit a low of 23,183.

The Nifty's key support level is around 23,100, based on its 20-day exponential moving average (DEMA).

#2 IT stocks under pressure

IT firms, which are dependent on the US market, fell 1.8% on fears of poor demand. The industry has already declined 15% in the March quarter, dragging the Nifty 50 down.

The top-line growth prospects for IT firms in FY26 are going to be average to disappointing, with the possibility of lower earnings.

#3 Profit Booking

The Nifty and Sensex rose 5.4% in eight sessions, turning positive for the year, but investors are now selling to book profits. The market's sharp rise made traders cautious, leading to a sell-off in major stocks.

#4 Oil prices near five-week high

Crude oil prices have risen to a five-week high, with Brent crude at US$ 74.67 and US oil at US$ 71.37. This increase is causing inflation concerns and may affect India's economy and company profits. Higher oil prices can lead to higher production costs and impact consumer prices.

#5 FII pessimism

Foreign investors, who were buying Indian stocks for two weeks, suddenly sold Rs 435.2 billion (bn) worth of stocks on Friday. This selling spree was driven by fear, even though the overall market sentiment wasn't extremely negative. This broke their six-day buying streak.
 

IdeaForge Jumps on Blue Diamond Stake

In the news from defence sector, ideaForge share price went up 8% on 1 April 2025, recording an intraday high at Rs 374.3 per unit on BSE. This happened because Blue Diamond Properties bought a large number of shares 10,09,221 in a single transaction.

The market capitalisation of the company was Rs 15.6 billion (bn). The highest price of the stock for 52 weeks was at Rs 864.1 per share and the lowest price for 52 weeks was Rs 322.6 per share.

ideaForge Technology is increasing its investment in research and development to improve its drone technology and products. Last year, the company spent 22% of its income on R&D, and it plans to spend even more this year. This move is part of IdeaForge's plan to strengthen its position as a leading company in the Indian drone market.

The company's total revenue was Rs 3.1 bn as of 31 March 2024. However, its revenue for the period plummeted to Rs 0.2 bn from Rs 0.9 bn in the same period last year.

ideaForge is the top company in India's drone industry. It has achieved the largest deployment of Indian-made drones, with one of its drones taking off every 5 minutes for surveillance and mapping.

The company's shares have indeed taken a hit losing 52% over the past year.

Trent Hits New High of 6%

Moving on to the news from FMCG sector, Tata fashion retailer Trent share price was rising sharply on 1 April 2025, up to 5.8% and reached a high of Rs 5619.8 per share.

Trent's share price surged after the company announced that it has crossed a portfolio of more than 1,000 large-box fashion malls, which comprise 248 Westside stores and 757 Zudio stores.

Trent's success shows its strong position in India's retail market. Its Westside and Zudio brands have served over 100 million customers across 230 cities, demonstrating their widespread reach and popularity.

Trent's efficient operations enable it to quickly release new fashion collections. Additionally, the company's strategy of opening new stores through partnerships helps maintain its strong financial performance.

Trent Limited, a Tata Group company, is a top player in India's retail sector. It operates popular brands like Westside, Zudio, and Landmark, offering a range of products and services. Trent also partners with global brands like Zara and has both physical stores and an online presence.

The company's market capitalisation is Rs 198 bn.

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