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.
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.
Share Market Mayhem: What Experts Are Saying?
Ajay Bagga Banking and Market Expert told ANI, “India will face the heat, not due to domestic reasons, but as an interlinked chain in the global portfolio flows. India will need a fiscal, monetary and reform package to protect the domestic economy from this global economic winter that is threatening to settle in. The consequences of an Economic-Nuclear policy which has announced the highest tariffs of a century on all trading partners are now coming home to roost.”
He further added, “Taking the cue from the USD 5.4 trillion 2-day meltdown in the US markets, we are seeing unprecedented selling in Asian markets, with Taiwan which was closed on Thursday and Friday seeing a 20 per cent down day and Hong Kong seeing a 10 per cent cut and then some recovery.”
“Nifty50 did not perform well and remained down, showing a strong bearish trend in the sector. A big red candle indicated the dominance of sellers in the sector, potentially pushing the price to a lower low. Currently, the price has broken one support level and is hovering towards the second. A breakdown below this support would confirm the continuation of the downtrend in the sector,” said Sunil Gurjar, SEBI-registered research analyst and founder of Alphamojo Financial Services.
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