Sensex
Sensex drops 400 points amid massive sell-off in US markets
The Indian Sensex dropped by 400 points during opening trade on Tuesday following a massive sell-off in the US market amid fear of recession.
As of 9.32 am, Sensex was down by 364.74 to stand at 73,750.
The Nifty tumbled 111.75 points to be at 22,348.55.
Share market across the globe witnessed major losses amid selloff in America.
In New York, Nasdaq witnessed one of the major falls since 2022.
From its February high points, benchmark S&P 500 dropped by over 8 percent.
Trump's Remark
The sell-off was reportedly triggered by US President Donald Trump's remark where he suggested that tariffs could trigger a recession in the world's biggest economy.
He told Fox News: "I hate to predict things like that. There is a period of transition because what we’re doing is very big."
"We're bringing wealth back to America. That's a big thing." He then added, "It takes a little time. It takes a little time," he said.
In morning trade on Tuesday, Japan's Nikkei 225 was down 1.7%, South Korea's Kospi was 1.5% lower and Hong Kong's Hang Seng Index was off by 0.7%, reported BBC.
In New York, the S&P 500, which tracks the biggest American companies, ended the trading day 2.7% lower on Monday.
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