Stock Market Live Updates: Indian benchmark equity indices, the BSE Sensex and Nifty50, dropped at the market open on Monday, tracking steep declines in global markets amid fears of an escalating global trade war triggered by US President Donald Trump’s tariff policies.
At 12:22 pm, the BSE Sensex plunged 3,219 points, or 4.27%, to 72,145, while the Nifty50 tumbled 1,146 points, or 5%, to 21,758 — marking its steepest drop since early June.
The market capitalisation of all listed companies on the BSE declined by Rs 20.16 lakh crore to Rs 383.95 lakh crore.
Indian stock markets are reflecting the turmoil in global markets, where Wall Street futures were down by around 4% on Sunday evening, while markets in the Asia-Pacific region plunged between 4-6%, amid concerns over a growing trade war between the US and the rest of the world.
Markets are reacting to the sell-off seen in the US markets on Friday, as the two-day rout took the overall market capitalisation erosion of over $5 trillion.
Global Cues
Asian shares nosedived on Monday after the meltdown on 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 4.2 per cent while that for the Dow Jones Industrial Average shed 3.5 per cent. The future for the Nasdaq lost 5.3 per cent.
Tokyo’s Nikkei 225 index lost nearly 8 per cent shortly after the market opened and Australia’s S&P/ASX 200 tumbled more than 6 per cent.
South Korea’s Kospi lost 4.4 per cent.
Oil prices sank further, with US benchmark crude down 4 per cent, or $2.50, at $59.49 per barrel. Brent crude, the international standard, gave up $2.25 to $63.33 a barrel.
On Friday, Wall Street’s worst crisis since Covid slammed into a higher gear. The S&P 500 plummeted 6 per cent and the Dow plunged 5.5 per cent. The Nasdaq composite dropped 5.8 per cent.
The losses came after China matched President Donald Trump’s big raise in tariffs announced last week, upping the stakes in a trade war that could end with a recession that hurts everyone. Even a better-than-expected report on the US job market, usually the economic highlight of each month, wasn’t enough to stop the slide.
