Sensex Crashes 2,500 Points, Nifty Falls 1,000 Over Trump Tariff Shock

US President Donald Trump's tariffs have unleashed chaos across the globe, plunging Indian equity markets to their 10-month low. Sensex opened nearly 4,000 points lower, sliding over 3.5% since its last trading session, while Nifty tanked over 1,000 points this morning. The crash follows a massive sell-off in Asian equities, panicked by Trump's radical policies, and US futures pointing at significant losses when it resumes trading this evening.

The tariffs - billed as a harbinger of a "golden period" for US industries - seek to undo trade practices that President Trump believes have been unfair. The tariffs are country-specific and go as high as 50%. The rate announced for India is 26%, feared to impact its robust electronics and jewellery sectors, in addition to a 10% baseline duty applied to all nations.

Indian Equities Lose 3.5%

Sensex crashed 3, 939.68 points to 71,425.01 in early trade as trading resumed at 9 am after the weekend holidays. Nifty tumbled 1,160.8 points to 21,743.65 during this period. Sensex, a pack of India's top 30 companies listed on the Bombay Stock Exchange, was down over 2,500 points at 9:35 am. Nifty, the National Stock Exchange index, is just above the 22,000 mark.

Asian Equities

Asian equities, the first among all markets to open, have been hit the hardest as Trump tariffs extended a massive sell-off on the bourses in China, Japan, Taiwan, and Hong Kong. 
 

India