Sensex-Nifty
Sensex, Nifty register massive fall during opening trade amid tariff tension
The Indian market plunged in red during early trade, with the Sensex crashing by 3,000 points and Nifty 50 slipping below 21,800 on Monday.
The BSE Midcap and Smallcap indices collapsed by 10 percent.
As of 9.37 am, the Sensex was down by 2260.76 points to stand at 73103.93.
Nifty stood at 21,888. 35, plunging by 1016.10.
The Indian market replicated the fall that global markets in Asia, Europe and the US registered.
In Asia, Taiwan Weighted crashed 10 per cent during trade on Monday, while Nikkei cracked 7 per cent, reported Mint.
It is believed that uncertainty over the tariffs announced by US President Donald Trump fuelled the tension in the market.
Trump's rigid approach on tariffs imposed on over 100 countries has triggered panic in the market.
Hopes of reaching a deal with negotiations are still not in sight.
Exeprts
Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, told India Today that globally markets are going through heightened volatility caused by extreme uncertainty.
"No one has a clue about how this turbulence caused by Trump tariffs will evolve. Wait and watch would be the best strategy in this turbulent phase of the market," he added.
Brokerage firm Emkay Global told Mint: "We see further downside for Indian equities in Q1YF26, notwithstanding the complacent response to the reciprocal tariffs by the US."
"The direct impact on India may be muted, but the resulting US recession poses a nearly 3 per cent risk to FY26 Nifty EPS (earnings per share), and the consequent derating could push the Nifty down to 21,500," Emkay said.
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