Indian equity markets opened sharply lower on Monday, mirroring deep losses across global markets amid intensifying U.S.-China trade tensions and fears of a broader economic fallout. At 9:16 AM, the Sensex was down 2,523.54 points or 3.35% at 72,841.15, while the Nifty slumped 809.90 points or 3.54%, trading at 22,094.55.
Broader indices bore the brunt of the sell-off, with the Nifty Midcap 100 index crashing 4.70% or 526.05 points to 10,655.75, reflecting heightened risk aversion among retail and institutional investors.
The Bank Nifty also witnessed a significant decline, falling 1,111.65 points or 2.16% to 50,391.05, as investors trimmed positions in financials amid volatility in global yields and risk-off sentiment.
The meltdown comes in the backdrop of former U.S. President Donald Trump reiterating tariffs on Chinese goods and Beijing’s retaliatory move to impose a 34% blanket tariff on all U.S. imports starting April 10. These escalations have rattled investors across the globe, pushing Asian indices sharply lower and dragging Indian equities in tandem.
Market analysts expect heightened volatility in the coming days as global risk sentiment remains fragile and earnings season begins in India.
Disclaimer: The above views are based on official market data and global news developments. Please make any and every investment decision after consulting your financial advisor.
