Stock markets decline, mirroring weak global peers as Trump imposes fresh tariffs on China

Benchmark indices Sensex and Nifty fell on Monday (October 13, 2025) due to selling in IT and FMCG shares and a weak trend in global markets after U.S. President Donald Trump announced an additional 100% tariff on Chinese goods from November 1.

The 30-share BSE Sensex dropped 173.77 points or 0.21% to settle at 82,327.05, snapping its two-day rally. During the day, it tanked 457.68 points or 0.55% to 82,043.14.

The 50-share NSE Nifty declined 58 points or 0.23% to 25,227.35 as 30 of its constituents closed lower, 19 with gains and one unchanged.

Among Sensex firms, Tata Motors, Infosys, Hindustan Unilever, Power Grid, Bharat Electronics, ITC, UltraTech Cement and Tata Consultancy Services were the major laggards.

However, Adani Ports, Bajaj Finance, Bajaj Finserv and Axis Bank were among the gainers.

In Asian markets, South Korea’s Kospi, Shanghai’s SSE Composite Index and Hong Kong’s Hang Seng settled lower. Equity markets in Tokyo were closed due to a holiday. Stock markets in Europe were trading higher.

U.S. markets ended significantly lower on Friday (October 10, 2025). The Nasdaq Composite tanked 3.56%, while the S&P 500 tumbled 2.71% and the Dow Jones Industrial Average dropped 1.90%.

“The domestic markets started the week on a cautious note as the ongoing U.S. government shutdown and escalating U.S.-China trade tensions triggered risk-off sentiment across Asia,” Vinod Nair, head of research, Geojit Investments Limited, said.

Global oil benchmark Brent crude jumped 1.77% to $63.84 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth ₹459.20 crore on Friday, according to exchange data.