Biggest India stock market crash in 10 months: Nifty down 740, Sensex tanks 2,227 |
In the biggest stock market crash in India in 10 months, on 7th April 2025 the Bombay Stock Exchange index, BSE, crashed 2.95% and the National Stock Exchange Index, Nifty, tanked by 3.24%. Indian stocks suffered like all others around the world as a result of US reciprocal taxes on imports from countries. Nifty plummeted below 22,200 amid selling across the sectors. At close, the Sensex was down 2,226.79 points at 73,137.90. The Nifty was down 742.85 points at 22,161.60. Biggest Nifty losers were Trent, Tata Steel, JSW Steel, Hindalco Industries, Shriram Finance, L&T, while gainers were Zomato and Hindustan Unilever. All the sectoral indices were down, Metal index hit hard by 6.7 percent. Realty Index was down 5.6 percent, and media, PSU Bank, Auto, Energy, and IT down 2.5-4 percent. US President Donald Trump unleased reciprocal tariffs on imports from dozens of countries including India. Investors are concerned about trade war and a recession. Analysts say that the loss in the market amounted decrease in investors` wealth by more than Rs 12,000 billion. On 4th April 2025, US Wall Street suffered also with the biggest loss since the COVID pandemic. Across Asia, indices were reported at the words levels in 10-15 years.
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