India, April 1 -- The stock market plunged into red as the trading session for the week began on Tuesday, April 1, also the first day of the fresh fiscal year. IT, financial services, and metal stocks were down the most.

At 9.15 am, the benchmark BSE Sensex was down by 572.15 points or 0.74 per cent, reaching 76,842.77. The broader NSE Nifty opened 125.35 points down or 0.53 per cent in the red, reaching 23,394.00.

By 10:45 am, the Sensex was down by 868.54 points or 1.12 per cent, reaching 76,546.38. It briefly fell 1,000 points, hitting an intraday low of 76,415.69. Meanwhile, the Nifty fell 183.10 points or 0.78 per cent into the red, reaching 23,336.25. Its low was 23,276.10.

This comes as US President Donald Trump's reciprocal tar...