Trump tariffs are one of five major causes driving the Indian stock market lower as the Sensex plummets 1,300 points.

Today's stock market crash: The Sensex lost around 1,300 points from its previous closing of 77,414.92 to open at 76,882.58. The index was down 1,268 points, or 1.64 percent, at 76,147 at 11:45 AM. At 23,191, the Nifty 50 was down 329 points, or 1.40 percent. Five important things that influence the mood of the Indian stock market

 1. The "Liberation Day" tariff plan is unclear

Regarding US President Donald Trump's proposed tariff rollout in April, investors are anxious. At an event in the White House Rose Garden at 3 PM in Washington on Wednesday, Treasury Secretary Scott Bessent told Fox News that Trump would unveil his reciprocal tariff plan, according to Bloomberg.

2. Attention turns to RBI's MPC

In light of the unstable global environment, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will convene from April 7–9 to determine the policy stance and interest rates.

On April 9, the RBI MPC is probably going to announce a 25 basis point rate decrease. Market players, meanwhile, are keen to learn how the central bank views the nation's changing inflation and growth patterns.

3. Exercise caution before Q4 earnings

The December quarter (Q4FY25) earnings of Indian corporations will be the market's next major catalyst. It is anticipated that Q4 figures will show some recovery following three dismal quarters. The March market recovery might be derailed if Q4 results are worse than anticipated.

Experts predict that the first or second quarter of the fiscal year 2025–2026 could see a major recovery.

4. Absence of new triggers

In March, the Indian stock market saw a strong 6% increase. The majority of the positives, such as the anticipated rate reduction, higher wages, and favorable growth-inflation dynamics, have been outweighed by this gain, though.

There are currently no new catalysts for the market to rise. The primary determinants of the domestic market's trajectory in the immediate future will be Trump's tariffs, earnings, and macroprints.

5. Technical aspects

Anand James, Chief Market Strategist at Geojit Investments, claims that in order for the Nifty to regain its strength, it must rise sharply above 23,700–23,750. In any other case, it might go sideways with a downward tendency toward 23,300.

"Breakouts beyond the 23,750-23,300 bands may be expected to trigger directional trades of at least 250 points," James stated.