Trump's Tariff Policy Sends Stock Market Plunging; Sensex and Nifty Crash on 'Black Monday,' Top Companies' Shares Fall, Investors Panic, Analysts Warn of Further Decline.
'Black Monday' Market Crash: Former US President Donald Trump's aggressive tariff policy has once again shaken global stock markets. This shock was felt on Monday in the Indian share market, which investors dubbed 'Black Monday.' The Sensex and Nifty opened with a significant gap-down, resulting in losses of crores of rupees.
Market Crashes at the Opening Bell
The BSE Sensex opened at 71,985.50, down 3,379.19 points, while the NSE Nifty 50 witnessed a sharp decline of 901.05 points, reaching 22,003.40. Market experts attribute this fall to Trump's tariff policy and global trade tensions.
Significant Decline in Top 5 Heavyweight Stocks
1. Tata Steel Ltd
Tata Steel shares registered a decline of over 10%. The stock traded at ₹125.90, down from ₹140.45. The share's Volume Weighted Average Price (VWAP) was ₹126.40.
2. Tata Motors
Tata Motors shares also experienced a sharp fall. The company's stock dropped 7.64% to ₹566.95. Its intraday low was ₹552.50.
3. HCL Technologies
The tech sector was not spared from this downturn. HCL Tech shares fell 6.29% to ₹1332.35. Its VWAP was ₹1327.28.
4. Larsen & Toubro (L&T)
Infrastructure giant L&T's stock also declined by 6% to ₹3063.90. It opened at ₹3099.95, but the day's low was ₹2967.65.
5. Tech Mahindra
Tech Mahindra stocks saw a 5.58% drop. The share's VWAP was ₹1234.44, while it closed at ₹1247.75.
Impact on Global Trade Tensions and Investor Sentiment
Analysts believe that Trump's tariff approach has put pressure not only on the US but also on emerging markets. In India, FII outflows and risk aversion have created a situation leading to a sharp decline in indices.
Will the Decline Continue?
Market watchers suggest that if geopolitical tensions and trade policy concerns persist, a short-term market recovery may be difficult. Investors should exercise caution while trading.
