Black Monday: Big stock market crash! investors poorer by Rs 20000000000000 in opening trade, Nifty opens at 1 year low

Indian stock markets followed a global bloodbath in equities, opening with sharp declines after panic selling across the world, both the Nifty 50 and Sensex saw intense selling pressure at the opening bell, due to weak global cues.

Investors’ wealth eroded sharply by Rs 20.16 lakh crore on Monday morning as the benchmark indices faced heavy downfall, with the Sensex dropping over 5 per cent, amid a global market meltdown due to growing trade war concerns.

The Nifty 50 index suffered a loss of 5% at the open and one of its biggest single-session drops since the COVID-19 market crash. It opened at 21,758.40 points, falling 1,146.05 points from the previous close.

The sharp fall in Indian markets was a market sentiment after massive global sell-off. In Asia, the Hang Seng index in Hong Kong collapsed by over 11%, Tokyo’s Nikkei 225 sank 7%, Shanghai’s SSE Composite fell nearly 7%, and South Korea’s Kospi declined by more than 5%.

The S&P 500 slumped 5.97%, the Nasdaq Composite tumbled 5.82%, and the Dow Jones Industrial Average dropped 5.50%, signaling a broader risk-off sentiment among global investors.

Experts stated that the need of the hour is a reform package by the government to help the markets navigate this global selloff amid Trump’s announcements.

The experts also noted that the economic situation needs a rollback by the Trump administration, either as a postponement of the reciprocal tariffs or as some reduction. However, Trump Administration officials have stated that they see the tariffs being in place for the next few weeks/months.

In the other Asian markets Japan’s Nikkei 225 index dropped sharply by 5.79 per cent. Hong Kong’s Hang Seng index followed with a steep fall of around 10 per cent. Taiwan’s Taiwan Weighted Index also saw a major slide, losing 9.61 per cent in early trade.

South Korea’s KOSPI index was down by 4.14 per cent, while China’s Shanghai Composite fell by 6.5 per cent at the time of filing this report.

Australia’s benchmark index S&P/ASX 200 also registered a decline of 3.82 per cent, indicating that the sell-off was not limited to major manufacturing economies alone but had spread across the Asia-Pacific region.

(With inputs From ANI & PTI)

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