Stock market crash today: It’s a bloodbath! BSE Sensex plunges over 3,200 points, Nifty50 below 21,900 – The Times of India

Stock market crash today: It’s bloodbath on Monday! BSE Sensex and Nifty50, the Indian equity benchmark indices, crashed in trade on Monday. Both stock market indices plunged over 4%. At 9:20 AM, BSE Sensex was trading at 72,129.44, down 3,235 points or 4.29%. Nifty50 was at 21,878.15, down 1,026 points or 4.48%.
The top BSE Sensex losers were Tata Steel (-10%), Tata Motors (-7.86%), Infosys (-6.98%), Tech Mahindra (-6.36%) and L&T (-6.45%).
According to Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, “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.”
Vijayakumar says there are a few things that investors should keep in mind. “One, the irrational Trump tariffs will not continue for long. Two, India is relatively better placed since India’s exports to the US as percentage of GDP is only around 2 percent and therefore the impact on India’s growth will not be significant. Three, India is negotiating a Bilateral Trade Agreement with the US and this is likely to be successful resulting in lower tariffs for India.”
“Domestic consumption themes like financials, aviation, hotels, select autos, cement , defence and digital platform companies are likely to come out relatively unscathed from the ongoing crisis. Trump is unlikely to impose tariffs on pharmaceuticals since he is on the back foot now and, therefore, this segment is likely to show resilience,” he added.
The week ahead has crucial domestic and global events, with international investors monitoring trade-related developments closely. On the domestic front, the MPC meeting conclusion on April 9 will be pivotal, followed by important economic indicators—IIP and CPI data—scheduled for April 11. The quarterly earnings season commences with TCS presenting its results on April 10.
Global markets slump!
US stock futures registered sharp losses in late Sunday trading, indicating an extension of the recent decline that reduced equity valuations substantially following the US administration’s tariff announcements.
Also Read | Donald Trump’s reciprocal tariffs send global shockwaves, but India may be among least vulnerable – explained in charts
Asian equity markets recorded significant losses on Monday, with Wall Street futures declining amidst global trade concerns. Investors anticipated potential U.S. interest rate reductions as early as May due to increasing recession risks.
Crude oil prices decreased by more than 3% on Monday, extending previous week’s downward trend. The decline resulted from heightened trade tensions between the United States and China, raising concerns about reduced crude demand during a potential recession.
Gold prices reached their lowest point in over three weeks on Monday, affected by widespread market selling following the U.S. President Donald Trump’s tariff implementation.
Foreign portfolio investors registered net sales of Rs 3,484 crore on Friday, whilst domestic institutional investors purchased shares worth Rs 1720 crore.
FIIs’ net short position increased from Rs 73,190 crore on Thursday to Rs 86,592 crore on Friday.
Last week, Indian equity markets saw a significant decline after a week of consolidation, with benchmark indices falling over 2.5%. The crash was primarily attributed to unfavourable global conditions and heightened US trade war anxieties.