Share Market: India’s benchmark indices, Sensex and Nifty50, opened in red on Monday, April 7, 2025. The Sensex (index with top 30 firms) opened at 71,449.94 points on Monday. Meanwhile, Nifty50 (index with top 50 firms) opened at 21,758.40 points.
The Sensex tumbled 3984.80 points to 71,379.89 points in the pre-opening session on Monday. Meanwhile, Nifty50 tumbled 1,146.05 points and reached at the level of 21,758.40 points in the pre-opening session. All companies listed on the BSE Sensex opened the trade in red.
Moreover, just two days after Trump announced the steep tariffs, the Indian rupee breached the 85-per-dollar mark for the first time in 2025.
5 Biggest Share Market Crashes In India’s History
Crash After Harshad Mehta Scam: After the Harshad Mehta scam was exposed, India saw its first major stock market crash in 1992. On April 28, 1992, Sensex tumbled 570 points, or 12.7% in a single day.
Ketan Parekh Scam Crash: In 2001, the share market witnessed another manipulation scandal involving broker Ketan Parekh. On March 2, 2001, the Sensex tanked 176 points, or 4.13% in a single day.
Election Shocker Of 2004: The 2004 Indian general election results sent shockwaves through the stock market when the United Progressive Alliance (UPA) unexpectedly defeated the National Democratic Alliance (NDA). This sparked concerns about the future of economic reforms. In the aftermath, the Sensex witnessed one of its most severe single-day crashes, falling 11.1% on May 17, 2004.
Financial Crisis Of 2008: At the time of financial crisis of 2008 following the collapse of Lehman Brothers in the US, the Indian stock market witnessed a severe crash. On January 21, 2008, the Sensex dropped 1,408 points, or 7.4%, in a single day.
Covid-19 Pandemic Crash: On March 23, 2020, the Sensex crashed 3,935 points, or 13.2%, as India announced one of the strictest nationwide lockdown in the world as a precautionary measure to prevent the spread of the Covid-19.
ALSO READ: US Tariffs: India Performing Better Than Other Countries, Says NSE Chief
