Share Market Bloodbath: The Indian share market tumbled massively today after global markets crashed on recession worries and risks of a full-blown trade war post President Donald Trump's 'Liberation Day' trade tariff announcements on April 2. Investor lose Rs 19 lakh crore within minutes on Monday as the market capitalization of the BSE listed firms slips to Rs 383.95 lakh crore against Rs 403.34 lakh crore in the previous session.
Notably, 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.
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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.
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Share Market Bloodbath: What Else?
Experts stated that the need of the hour is a reform package by the government to help the markets navigate this global selloff amid Trump's announcements. The experts also noted that the economic situation needs a rollback by the Trump administration, either as a postponement of the reciprocal tariffs or as some reduction. However, Trump Administration officials have stated that they see the tariffs being in place for the next few weeks/months.
In the other Asian markets, Japan's Nikkei 225 index dropped sharply by 5.79%. Hong Kong's Hang Seng Index followed with a steep fall of around 10%. Taiwan's Taiwan Weighted Index also saw a major slide, losing 9.61% in early trade. South Korea's KOSPI index was down by 4.14%, while China's Shanghai Composite fell by 6.5%. Meanwhile, Australia's benchmark index S&P/ASX 200 also registered a decline of 3.82%.
The impact of Trump's tariff announcement was also visible in the American markets. Futures of the US stock index Dow Jones were down by 2.22%, suggesting a negative start for the US markets as well.