Indian Stock Market Crashes, ₹20 Lakh Crore Lost in 10-Seconds

Stock Market: President Donald Trump’s tariffs have caused havoc around the world, wiping out the investor value of over Rs 20 lakh crore in a matter of seconds and sending Indian equity markets to their lowest level in ten months.

Nifty Market:

The Nifty fell more than 1,000 points this morning, and the Sensex opened almost 4,000 points lower, down more than 3.5% since its last trading session. When trading starts this evening, US futures are predicting large losses, and the drop comes after a big sell-off in Asian markets, which was prompted by Trump’s extreme policies. The bill at the beginning of a “golden period” for American companies, the tariffs aim to reverse unfair trade practices, according to President Trump. The tariffs, which can reach 50%, vary by country.

In addition to a 10% baseline tariff that is imposed on all countries, the rate of 26% proposed for India has alarmed traders and exporters. Speaking to reporters this morning, a defiant Trump seemed unfazed by the carnage in international markets, comparing his tariffs to a necessary medication to “Fix Something”.

Indian Stocks Drop 3.5%

When trading resumed at 9 am following the weekend vacations, the Sensex plummeted 3, 939.68 points to 71,425.01 in early trading. During this time, the Nifty fell 1,160.8 points to 21,743.65. At noon, the National Stock Exchange index, the Nifty, fell below the 22,000 mark, while the Sensex, which is a collection of the top 30 Indian corporations listed on the Bombay Stock Exchange, was down more than 3,000 points. This morning, the rupee opened lower as well, dropping 30 paise to 85.74 versus the US dollar.

According to the market experts, India is going to face the heat, not because of domestic reasons, but as an interlinked nation in the global portfolios. To protect the domestic economy from the global economy, India will need a fiscal, monetary, and reform package.

Also Read: Stock Market Today: Will Sensex Recover After Global Sell-Off?

Global Equities:

As the first markets to open, Asian stocks have been particularly severely hit by Trump’s tariffs, which have caused a big sell-off on the Chinese, Japanese, Tawanise, and Hong Kong stock exchanges. Hong Kong’s Hang Seng index is down more than 10 % and stocks have crashed more than 4% in China, where the communist government has responded against the US with 34% taxes. After plunging more than 8 % in early trading, the Japanese Nikkei is now down at least 6.5%. Singapore’s main index fell more than 8%, and Taiwan’s fell about 10%.

Wall Street is also in a dire state. Significant losses were anticipated when the US markets opened on Monday, according to the dramatic decline in futures contracts on the New York Stock Exchange. In addition to causing a stock market meltdown, Trump’s trade policies have raised concerns about a worldwide recession, and market analysts have expressed alarm about his disobedience.

Stephen Innes of SPI Asset Management worries that a worldwide recession might be on the horizon.”The market is once more plunging through floors in free-fall mode. The Trump team isn’t giving up. Tariffs are not being used as a negotiating chip, but rather as a victory lap.