US Stock Market Impact on Indian Markets: Gift Nifty Falls 180 Points, Sensex Drops

Because of weak global market sentiments, the US Stock Market Impact on Indian Markets & Gift Nifty opens with a gap of 180 points, Nifty is testing its support level of 23300, while the Sensex opens with a low of 349.24. 

Nifty IT dropped by 2% and the laggard was Wipro here. IT stocks remain under pressure because of weak performance in the Nasdaq Composite. The Volatility in the market will likely continue because of the uncertainty in the US Market.

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The US stock market tumbled down on April 16. The major hit was from Nvidia’s warning to China and the Fed chairman’s strong advice on the negative impacts of tariffs on the economy. S&P 500 dropped 2.24% and Dow Jones slid down up to 700 points which is about 1.7%. Nasdaq also took a blow and fell down 3.07%. After the news of a $5.5 billion quarterly charge, shares of Nvidia fell down 6.9%. 

In Dow Jones 27 stocks fell, in which Nvidia, Amgen, Apple Inc, Microsoft, 3M and even in this volatility few stocks took the charge to support the market were Travelers Companies, Chevron, Boeing, United Health, J&J.

Nasdaq took most of the heat, as only 3 stocks gained momentum and 88 stocks went down. Top gainers in Nasdaq were Diamondback energy(+2.4%), Dollar tree(+1.95%), Align technology (+1.9%). Top losers were Advanced micro devices, ASML(-7.38%), Nvidia(-7.2%), JD.com(5.64%), Applied Materials (-5.01%). 

In the S&P 500, 69 stocks rallied, 379 underperformed, and some remain Unchanged. Top gainers were Apache (+3.15%), Gannett (+2.96%), Abbott (2.85%), Devon Energy (+2.74%), and Newmont Mining (+2.5%).

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Conclusion

The ongoing turbulence in the US stock market is clearly casting a shadow over Indian indices. The sharp fall in key US benchmarks like Nasdaq, S&P 500, and Dow Jones—triggered by Nvidia’s warnings, high tariff risks, and Fed commentary—has intensified bearish sentiment globally. Indian markets were quick to react, with Gift Nifty opening with a significant 180-point gap and Sensex plunging by 349 points.

The tech-heavy Nifty IT sector also took a hit, dropping 2%, with Wipro leading the decline. As volatility grips Wall Street, driven by geopolitical tensions and corporate earnings shocks, Indian investors remain cautious. The correlation between the two markets continues to grow tighter, making global cues more influential than ever. Going forward, traders should brace for continued choppiness and closely monitor policy signals from both the US and domestic fronts to make informed decisions in a highly reactive market environment.