Bloodbath in indian stock markets - NSE and BSE stocks hit- Metals sufer most - Leading trusted company stocks steady the market
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Indian Stock market crash - Bloodbath on Dalal Street as Sensex falls over 2,700 points, Nifty plunges nearly 900 points
By TN Ashok. Mumbai, April 07, 2025
Stock market crash live: A man walks past the bull statue at BSE building in Mumbai.
Stock market crash: India’s benchmark indices tumbled on Monday, apparently pulled down by mounting global trade tensions as markets around the world crashed including NYSE, tech heavy NASDAQ amid rising recession fears in the US that triggered a massive sell-off across Wall Street and Asian markets.
The 30-share BSE benchmark tumbled 3,939.68 points or 5.22 per cent to 71,425.01 in early trade. The market capitalization of BSE-listed firms declined sharply by ₹20,16,293.53 crore to ₹3,83,18,592.93 crore.
Asian shares in general, nosedived after a meltdown Friday on Wall Street over US President Donald Trump's tariff hikes and the backlash from Beijing. US futures also signaled further weakness. The future for the S&P 500 lost 2.5% while that for the Dow Jones Industrial Average shed 2.1%. The future for the Nasdaq lost 3.1%.
Donald Trump's “reciprocal” tariffs came into effect on April 2, with a 10 per cent baseline tax declared on imports from all countries, as well as higher rates for many nations which run trade surpluses with the US.
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Among them, there is now charge a 34 per cent tax on imports from China, a 20 per cent tax on imports from the European Union, 25 per cent on South Korea, 24 per cent on Japan and 32 per cent on Taiwan.
These new tariffs come on top of all the previously imposed levies, which includes the 20 percent tax Trump had announced on all Chinese imports earlier this year.
Stock market crash live: "Uncertainty is the key word here," says Mirae Asset Capital Markets' Manish Jain
Manish Jain, Chief Strategy Officer & Director, Mirae Asset Capital Markets said, “Uncertainty is the key word here. We don’t know what comes next and in which area from the US administration (as of now).” He said though he is comfortable with the valuations at these levels, this is not the time he would take bets, but that good opportunities will come in this volatile time.
“GDP growth, inflation, core sector growth, and high-frequency indicators (HFIs) suggest that markets may have bottomed out based on valuations, technical, and fundamentals,” he said. “However, given the uncertainty surrounding us, we should adopt a cautiously optimistic stance.”
Stock market crash live: JPMorgan expects US to fall into a recession this year
JPMorgan Chase & Co has said that it now expects the US economy to fall into a recession this year after accounting for the likely impact of tariffs, according to a Bloomberg report.
“We now expect real GDP to contract under the weight of the tariffs, and for the full year (4Q/4Q) we now look for real GDP growth of -0.3%, down from 1.3% previously,” the report quoted the bank’s chief US economist, Michael Feroli, as having said on Friday in a note to clients. “The forecasted contraction in economic activity is expected to depress hiring and over time to lift the unemployment rate to 5.3%.”
Stock market crash live: Sensex, Nifty still deep down, but stops falling further
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The Sensex was down by 2,620.31 points or 3.48 per cent, reaching 72,744.38. The Nifty meanwhile was down by 853.50 points or 3.73 per cent in the red, reaching 22,050.95.
Stock market crash live: These sectors can potentially offer relative stability for long-term investors
Vishnu Kant Upadhyay, AVP – Research & Advisory at Master Capital Services said, “Amid escalating trade tariff uncertainties, market volatility is expected to persist in the near term,” though “long-term investment opportunities remain viable at current levels.”
“Sectors such as Finance, Oil & Gas, Consumption, and FMCG are likely to offer relative stability for long-term investors.”
Both Domestic and Foreign investors remained net sellers previously
Both Foreign and Domestic Institutional Investors were net sellers during the previous trading session, having offloaded ₹3,483.98 crore and ₹1,720.32 crore respectively.
Is the worst over for Indian share markets, or will the Trump tariff impact hit them harder?
Yes and No say prominent investors and stockbrokers.
Nifty FMCG falls the least, these three stocks are in the green
Stock market crash live: The Nifty FMCG Index fell the least among the Sensex stocks by 1.28%, reaching 53,140.40. In it, the following stocks were in the green:
1) Godrej Consumer Products was up by 0.79%, trading at ₹1,165.75.
2) Hindustan Unilever was up by 0.73%, trading at ₹2,260.95.
3) Britannia Industries was up by 0.59%, trading at ₹5,052.90.
Stock market crash live: This one Sensex stock goes green
Stock market crash live: Hindustan Unilever became the single stock on the Sensex to turn green. It was up by 0.31% or ₹2,251.30.
Stock market crash live: Sensex down over 3,100 points, Nifty down nearly 1,000 points
Stock market crash live: The Sensex was down by 3,112.87 points or 4.13 per cent, reaching 72,251.82. The Nifty meanwhile was down by 996.85 points or 4.35 per cent in the red, reaching 21,907.60.
Stock market crash live: How Pakistan's stock market fared
Pakistan stocks fell rapidly just like other Asian countries, with its main exchange suspending trading for an hour after a 5% drop in its main KSE-30 index.
The country is planning to send a government delegation to Washington this month to discuss how to avoid the 29% tariffs on imports from there, largely textiles, which are also funded by IMF loans.
Stock market crash live: Malaysia calls for Southeast Asia to present a united response to tariffs
Malaysia’s Trade Minister Zafrul Abdul Aziz said that his country wants to forge a united response from Southeast Asia to the sweeping US tariffs, according to a Bloomberg report.
Stock market crash live: Microcap 250 falls the most among the broader Nifty indices.
The Nifty Microcap 250 Index was the index which fell the most among the broader Nifty indices. It was down 5.82%, reaching 19,243.90.
India Vix up 64.43% as negative investor sentiment drives up volatility
Stock market crash live: The India Vix Index, which is a volatility measure index, was up 64.43%.
The stocks which fell the most on the Nifty 50 apart from Trent and Tata Steel
After Trent and Tata Steel, Shriram Finance fell by 9.32% on the Nifty 50, trading at ₹592.70, followed by JSW Steel, which was down by 9.20%, trading at ₹913.20, and Tata Motors, which was down by 8.28%, trading at ₹563.05.
Stock market crash live: This stock fell more than Tata Steel in the Nifty
Stock market crash live: Trent, a Tata Group retail company fell more than Tata Steel in the Nifty 50, by a staggering 16.61%, trading at ₹4,639. Tata Steel was the company which had fallen the second-most on the Nifty 50, and the one which fell the most on the Sensex.
Stock market crash live: Here's how much Tata Steel and Tata Motors fell
Tata Steel and Tata Motors, the two highest-hit stocks in the Sensex were down by 9.68% and 8.37%, trading at ₹126.85 and ₹562.45 respectively.
Stock market crash live: Chinese stocks fall amid panic selling
Chinese stocks face panic selling as tariff war escalates, with the onshore CSI 300 dropping as much as 8.8%, which is its biggest decline in more than five years, according to Bloomberg. Meanwhile, Hong Kong’s Hang Seng Index was on track for its worst day since the global financial crisis.
Stock market crash live: Asian equities continue freefall
Stock market crash live: Asian equities continued their decline with Hong Kong's loss of 12 per cent being its worst in more than 16 years, and Taiwan's Taipei tanking more than nine per cent and Tokyo's stocks falling more than seven per cent.
Stock market crash live: Metal stocks hit hard
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Stock market crash live: Shares of metal firms were hit hard after Donald Trump's sweeping reciprocal tariffs fanned fears of a global trade war. The stock of Tata Steel tanked 11.56 per cent; National Aluminium Company Ltd slumped 11.22 per cent; APL Apollo Tubes dived 10 per cent; SAIL declined 9.99 per cent; JSW Steel lost 9.92 per cent and Jindal Stainless dropped 9.91 per cent on the BSE, according to PTI.
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