New Delhi, April 2 -- The Indian stock market began the new financial year 2025-26 with a sharp decline as major indices plummeted nearly 2%, reflecting anxieties surrounding the economic implications of US President Donald Trump's imminent reciprocal tariffs scheduled for implementation from April 2, 2025. The Nifty 50 index crashed 353 points and closed at 23,165, the BSE Sensex tanked 1390 points and closed at 76,024, while the Bank Nifty index nosedived 737 points and closed at 50,827.

Smaller stocks outperformed the key benchmark indices on the first day of FY26. After four days, advancing shares outnumbered declining ones, and the advance-decline ratio stood at two on BSE, the highest since 21 March 2025.

Speaking on the outlook o...