The Nifty IT index was trading 0.48 per cent up at 36155.05.

Bharat Electronics Ltd. (BEL) shares dropped 6% after order inflows for FY25 fell short of expectations, though the company's revenue saw a 16% increase, surpassing projections. BEL's current order book stands at Rs 71,650 crore, with strategies in place to bolster its global market presence.

US President Donald Trump's tariffs aim to restructure global trade, impacting the stock market. India's Sensex dropped 1400 points amid investor fears. Experts suggest the correction is due to profit booking and advise investors on strategies around key support levels in anticipation of market stabilization.

Gold and silver experienced significant volatility, initially rising in early trading but failing to sustain higher levels ahead of the U.S. trade tariff announcements. Gold prices reached a record high of $3,177 per troy ounce before seeing profit-taking as investors awaited the U.S. reciprocal trade tariff announcements on April 2nd.

Central Bank of India’s stock dropped nearly 12% today, marking its third consecutive day of losses, after already falling over 6% in the last two trading sessions. Similarly, Punjab & Sind Bank, which had plunged 20% in the previous session, fell another 8.3% on Wednesday.

Nestle shares: The global brokerage firm believes that the factors mentioned above make the operating environment challenging and could impact Nestle India's near-term performance. It also noted that pricing could remain a key growth driver.

The reciprocal tariffs set by the Trump administration may significantly impact countries with high tariff differentials like India and Brazil. These tariffs could include VAT and other non-tariff barriers, potentially slowing global growth and affecting capital flows and market performances in emerging economies.

The Nifty Bank index was trading 0.58 per cent up at 51121.25.

ICICI Securities recommends a buy on Karur Vysya Bank with a target of Rs 300, highlighting its strong growth, cost management, and asset quality. The bank reports notable financial improvements and a promising outlook. Key risks include slower deposits mobilisation. Promoters hold a 2.13% stake, while FIIs and DIIs own 14.79% and 38.44% respectively.