Sharp Decline in Indian Stock Market Amidst Trump's Tariff War and Recession Fears; Investors Lose ₹18 Lakh Crore in 10 Minutes.
Stock Market Crash: US President Donald Trump's aggressive trade war policies and fears of a recession in the United States sent shockwaves through global stock markets on Monday. India felt the impact immediately, with a significant downturn recorded as soon as the Stock Market opened. The decline in Wall Street and Asian markets spurred panic among Indian investors.
₹18 Lakh Crore in Investor Losses in 10 Minutes
Within just 10 minutes, the market capitalization of BSE-listed companies plummeted by ₹18,07,639 crore. The total market capitalization stood at ₹404.09 lakh crore on Friday, falling to ₹386.01 lakh crore on Monday. This represented a substantial blow to investors, leaving them with little time to react.
IT and Metal Sectors Hit Hardest
- The IT and Metal indices suffered the most significant losses in this sharp decline.
- The Nifty IT Index plunged 5%, opening at 31,307.95, compared to its Friday closing of 33,511.40.
- The Nifty Metal Index experienced a 6% drop, reaching 7,691.00 – a new 52-week low.
Trump Tariffs Raise Concerns of Deep Economic Impact
Federal Reserve Chairman Jerome Powell warned on Friday that the new tariffs imposed by Trump are "larger than expected" and could impact inflation and economic growth. He stated that this has created uncertainty regarding the direction of the US economy. Furthermore, the NASDAQ Index confirmed its official entry into a bear market.
